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The Assignation ruble (Russian: ассигнационный рубль; assignatsionny rubl) was the first paper currency of the Russian Empire. It was used from 1769 until 1849. The Assignation ruble had a parallel circulation with the silver ruble; there was an ongoing market exchange rate for these two currencies. Initially at parity with the silver ruble, the value of the Assignation ruble fell considerably below that of the silver ruble, finally settling at 3.50 Assignation rubles per silver ruble in the 1840s.