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Where can I change money in Russia?
Posted by , Last modified by on 20 July 2012 04:21 PM

Changing money in Russia is not difficult; however, we do recommend that you do not change money with people on the street offering a "better rate" as this is not only is this illegal, but it can also be dangerous.

Generally, you can change money in exchange booths, which you will see on almost every street. These offer better rates than the hotels or banks, though if you want to draw money using your credit card, a bank or ATM is the better option. If you use your card to withdraw cash in a bank you will need to show your passport and it can take 30 minutes or more to complete the transaction. Note that most banks and ATM's will charge a percentage to issue the money even with a debit card, typically this is 1% to 1.5%.

To change money, all you need to do is hand over the cash and in some cases your passport. In official exchange booths or banks you will be given a document that details the exchange, please keep this in case, on departure, you are asked by the customs where you got your money from. Please see the section below on importing and exporting money.

When you change your money you will get a series of notes (Roubles) and coins (Kopeks). The main notes are:

Rouble Notes £ Equivalent (approx)
1,000 £20.00
500 £10.00
100 £2.00
50 £1.00
10 £0.20
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