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I've traveled not only to Russia, but also in Africa and Europe. For years I used a money belt for all my stuff - then I moved to Russia full-time, and did a lot of in-country traveling with serious amounts of money, passport, etc - all the important stuff.
May sound simple - but I realized one day that a great place is the inside pocket of your fleece/jacket/vest. I understand in the middle of summer this is dumb - but in winter, spring, and fall, it works great. Nobody can get to it, and, as opposed to a coat, you don't take a fleece off when you go inside, so it's always right there with you.
Maybe it's a villager thing (we live in a village), but most Russian women sew an extra pocket in their husbands' pants, on the inside of one leg (at the bottom), for the stuff they can't afford to lose. First time I decided to be nice and throw our Russian family's laundry in with mine, I discovered this!
Try to exchange your money at a bank or WU station, not the hotel...you'll usually get a better exchange rate....
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