When the new 1,000-ruble note enters circulation, the Central Bank will still have three denominations in the old canada telegram data design — 500, 10, and 50 rubles. When are they planned to be updated?
We want to update them by 2028. That is, we will routinely issue one banknote per year. And now there will be a public vote on the choice of images for each one.
Why do we need a 10-ruble note? It’s rarely used
In 2022, we resumed printing ten-ruble banknotes. We did not issue them for a long time because coins are more durable and easier to handle. But now we cover the banknotes with a special varnish. This has increased the lifespan of the banknotes.
And now they are in demand. We see demand in banks and especially in retail chains. The bills are lighter, easier to transport, and take up less space. That’s why we are also planning to update the ten-ruble note.
Then does the Central Bank have plans
To introduce a new 10,000 ruble keeping customers engaged and using your product banknote? Inflation is high now…
There are no such plans yet. We always make decisions on issuing new denominations based on the current economic situation, cash turnover ao lists needs, and the ratio between the volumes of cash and non-cash payments. Currently, the denomination range of banknotes and coins is quite sufficient.