How to Convert Your Currency in Moscow

With the Iron Curtain swiftly becoming a bad memory, more and more tourists are choosing to visit Moscow, the capital of the former Soviet Union. Today, Moscow is a modern city offering all the amenities of other international destinations, but keep in mind, business is still done in Russian rubles. You will need to convert some currency for your stay in Moscow.

Difficulty: Easy

Instructions

1. Decide how much money you want to change. Typically, it is better to stick with small amounts at a time to avoid any problems if you lose the money somehow.

2. Look for an exchange institution. You can convert your money at commercial banks, exchange offices, large hotels and tourist kiosks; popular tourist spots like Tverskaya Street and Red Square offer multiple exchange opportunities.

3. Know how many rubles you should be given for your money. (Check out current conversion rates before you travel.)

4. Count the rubles you are given before you leave the window. Not only will the exchange agent likely refuse to recount, but you will be forced to stand in the queue to make this second transaction as well.

5. Use your rubles in good health! Poka!

Tips & Warnings

• Use a larger bank or exchange institution if you will be changing large amounts of money or if you will be changing any currency besides American dollars or German marks. Small institutions will usually not handle these transactions.
• Most large city or airport banks will allow you to change money into foreign currency before you leave.
• Don't deal with any individuals who approach you offering to change money. Only deal with established exchange institutions.

on 11/22/2005 There are a number of ATMs in central Moscow that will dispense rubles, dollars or euros. This will help prevent getting scammed. Like anywhere, be aware of the area around you so you're not a target for theft.