To Innovation - Breaking Politics, Economics, Crypto & IT News

learn more
Reporting from Watford, UK and LA, US since 1996
learn more

YouTubers try to be TikTokers

Shorter videos are a trend to hate or follow

Central Bank: the banknotes in denomination of 200 and 2000 rubles may appear in October

Denominations of 200 and 2,000 rubles will be issued before the end of this year.

26.Apr.17 6:23 AM
By Christina Orlina


Central Bank: the banknotes in denomination of 200 and 2000 rubles may appear in October
At the same time, the Central Bank explained that the more specific date is difficult to call, but the Russians will certainly see a new bill this year. Earlier, the head of the Central Bank Elvira Nabiullina explained that the emergence of additional banknotes denomination will help to simplify the calculations of the population for goods and services.

"Our analysis shows that a significant portion is in the range between 100 and 500 rubles, between 1000 and 5000 rubles," - said Elvira Nabiullina. She also said that the issue of additional values will not lead to an increase in the volume of cash in circulation. Also, the regulator has no plans to withdraw any funds from the money supply.

The new banknotes will depict Russian cities. The contest on selecting symbols was conducted from June to October, 2016. It was attended by about five thousand minutes of 1113 Russian cities. At the last stage of the competition nationwide vote was held. In the end, the Russians decided that on the banknote denomination of 200 rubles will be placed symbols of Sevastopol - monument to scuttled ships, and views of the Chersonese, and on the banknote of 2000 RUB will be the bridge to the island Russian in Vladivostok and Vostochnym cosmodrome in the Amur region.

Back to the list

Related Information: