Forasmuch as it is most necessary for all merchants which seek to have traffic in any strange regions, first to acquaint themselves with the coins of those lands with which they do intend to join in traffic, and how they are called from the valuation of the highest piece to the lowest, and in what sort they make their payments, as also what their common weights and measures be. For these causes I have thought good to write something thereof, according to mine own knowledge and experience, to the end that the merchants of that new adventure may the better understand how the wealth of that new frequented trade will arise. First, it is to be noted that the Emperor of Russia hath no other coins than silver in all his land which goeth for payment amongst merchants; yet, notwithstanding, there is a coin of copper, which serveth for the relief of the poor in Moscow, and nowhere else, and that is but only for quas, water, and fruit—as nuts, apples, and such like. The name of which money is called pole or poles, of which poles there go to the least of the silver coins eighteen. But I will not stand upon this, because it is no current money amongst merchants. Of silver coins there be these sorts of pieces: the least is a poledenga; the second, a denga; the third, nowgrote, which is as much to say in English, as halfpenny, penny, and twopence; and for other valued money than this there is none. There are oftentimes there coins of gold, but they come out of foreign countries; whereof there is no ordinary valuation, but they pass according to the agreement of merchants. Their order in summing of money is this: as we say in England, halfpenny, penny, shilling, and pound, so say they, poledenga, denga, altine, and rubble (rouble). There goeth two poledengas to a denga, six dengaes to an altine, and twenty-three altines and two dengaes to a rubble. Concerning the weights of Russia, they are these. There are two sorts of pounds in use amongst them—the one great, the other small. The great pound is just two small pounds; they call the great weight by the name of beasemar, and the small they call the skallawaight. With this small weight they weigh their silver coins, of which the Emperor hath commanded to put to every small pound three rubbles of silver; and with the same weight they weigh all grocery wares, and almost all other wares, which come into the land, except those which they weigh by the pode, as hops, salt, iron, lead, tin, and batrie, with divers others. Notwithstanding, they used to weigh batrie more often by the small weight than by the great.