The Russian ruble is the official currency of the Russian Federation. The official currency symbol; ₽ – р / коп – к. The ruble has been used in the Russian territories since the 14th century. The current Russian ruble was introduced in December 1991 and used at par with the Soviet ruble, which was replaced entirely in September 1993. In 1991, the State Bank introduced notes in denominations of 200, 500, and 1000 rubles, followed by a Russian Federation named notes of 5000 and 1000 rubles in 1992, 50,000 rubles in 1993, 10,000 and 500,000 rubles in 1995. In 1998, the Government redenominated the Russian and introduced new banknotes of 5 ₽, 10 ₽, 50 ₽, 100 ₽, and 500 ₽, followed by the 1,000 ₽ in 2001, 5,000 ₽ in 2006, 200 ₽ and 2,000 ₽ in 2017.
The 500 Russian rubles note front design illustrates the monument to Peter the Great (1672 – 1725), who was the ruler of Tsardom of Russia (later the Russian Empire) between 1682 and 1725, which is located in Arkhangelsk city. The design is completed with sailing ships in the port of Arkhangelsk and the Bank of Russia logo in the upper-right corner. The reverse of the note presents a view from the sea of the Solovetsky Monastery located in the Solovetsky Islands. The lettering of the note is presented in the Russian language. This note is part of the 1997 – 2010 series, and its color is brown-violet on a multicolor underprint.
Text: 500, БИЛЕТ БАНКА РОССИИ, БАНЕ РОССИИ, ПОДДЕЛКА, БИЛЕТОВ, БАНКА РОССИИ ПРЕСЛЕДУЕТСЯ, ПО АКОНУ, ПЯТЬСОТ РУБЛЕЙ, АРХАНГЕЛЬСК, 1997.