Altyn

From the 14th century, the altyn had been in use in several Russian principalities as a Eurasian currency between Russian and Asian traders. Treaties between the principalities of Moscow, Ryazan and Tver show that the rate remained the same. One altyn was equal to six dengi, while one ruble was equal to 200 (in Moscow) or 220 (in Pskov) dengi. In the Sudebnik of 1497, one ruble was equal to 200 dengi, while one altyn was equal to six dengi.

They were minted from 1654 under Alexis I, and under Peter I as silver coins from 1704 to 1718. Peter began minting silver ruble coins in 1704 and made the ruble the first decimal currency; the altyn was equal to three kopecks. Later, they were revived under Nicholas I as copper coins with a value of three kopecks from 1839. While the name altyn eventually got lost, three-kopeck coins circulated in Russia until 1991.

In the 2010s, the Eurasian Economic Commission drafted first proposals to revive the altyn by 2025 as a common currency of the Eurasian Economic Union. The international sanctions against Russia reportedly encouraged the bloc to expedite the process by 3-5 years but to no avail. As of December 2025, the currency had still not been re-introduced in any capacity.