On October 12, a presentation of new banknotes took place in Moscow. Bank of Russia Chairman Elvira Nabiullina and Goznak CEO Arkady Trachuk presented banknotes in denominations of 200 and 2000 rubles. According to them, the banknotes will first of all be sent to the regions that are depicted on them. And the new money should go into full circulation throughout the country before the end of 2017.
The image for the banknotes was chosen by popular vote, which was announced a few months ago. Everyone could make a choice and vote for the option they liked in several ways: on the air of the Russia-1 channel, it was proposed to send an SMS message to a short number, giving preference to one or another place in the Russian Federation; vote on the official website; leave your vote during the open day of the Bank of Russia. According to official data, more than three million people of our country took part in the voting. As a result, the winners were: Sevastopol and the Far East.
Sevastopol is depicted on a banknote with a face value of 200 rubles: on the front side - a monument to the sunken ships, and on the back - Tauric Chersonesos. The banknote of 2000 rubles is decorated with sights of the Far East: on the front side there is a bridge to Russky Island in Vladivostok, and on the back side there is the Vostochny cosmodrome. As it turned out, all ATMs and other devices that allow paying for services in cash are now being tested. According to representatives of the Bank of Russia, by the end of 2017, all work should be completed and new banknotes should be accepted in all devices.
2000 rubles - a new banknote of 2017 of the Bank of Russia
On October 12, 2017, the Bank of Russia put into circulation a banknote with a face value of 2000 rubles. This is a new banknote, the symbols for which were chosen based on the results of an all-Russian vote back in 2016. The banknote uses an improved security system and high-relief elements for visually impaired citizens, and also takes into account modern design trends.
A denomination of 2000 rubles is introduced to simplify the calculations of buyers. The bill began to enter circulation from October 12, 2017, as the regions prepare to work with it. As the Chairman of the Bank of Russia E. Nabiullina said, the first banknote was received by the region, which is depicted on it and Moscow, and then the banknote will be introduced in stages.
Prime quoted the Chairman of the Bank of Russia, who said the following about the timing of the introduction of banknotes into circulation:
“We expect that the new mass introduction of banknotes will begin in December, when both banks and enterprises have completed preparations.”
A photo of a banknote of 2000 rubles of the sample of 2017 looks like this:
Photo of the front side of the 2000 ruble banknote
Photo of the reverse side of the 2000 ruble banknote
The predominant color of the 2000-ruble banknote is blue. The banknote is made on white cotton paper. Security fibers of two types are embedded in the paper - colored fibers with alternating sections of red and blue colors and gray fibers.
The main design of the banknote 2000 rubles- these are symbols of the Far East, namely:
Distinctive features in the design of the denomination of 2000 rubles, which were expressed as follows:
In the banknote of 2000 rubles, the Bank of Russia has introduced 7 types of verification of signs of authenticity. To quickly verify the authenticity of a bill, it is worth remembering and using at least 3-4 signs.
front side
front side
flip side
front side
front side
flip side
Image of a banknote in the IR range of the spectrum
Image of a banknote in the UV range of the spectrum
The symbols for the new banknotes were chosen during a competition in 2016. Out of more than 5,000 applications, the interim list of the competition included 76 proposals with various attractions from 49 regions. Based on the results of the All-Russian sociological survey, 10 finalists were selected from this list. At the last stage of the competition, by voting throughout the country, in which more than 3 million people took part, the winners were determined - the symbols of the Far East and Sevastopol. The results of the competition were announced on October 7, 2016 live on the Russia 1 TV channel.
At the same time, the Bank of Russia informed that the Board of Directors of the Central Bank would determine which of the two symbols - the winners of the competition - would be depicted on a banknote of 200 rubles, and which - on a banknote of 2000 rubles.
The Bank of Russia next year will issue banknotes in denominations of 2000 and 200 rubles. The Central Bank believes that new banknotes should make cash payments more convenient
Bank of Russia (Photo: Ekaterina Kuzmina / RBC)
By the end of 2017, new banknotes of 200 and 2000 rubles will be put into circulation in Russia, the Bank of Russia announced. The Central Bank believes that by this moment the annual inflation in Russia will just drop to 4%, which will make the issue of banknotes of “intermediate denominations” (now in Russia banknotes of 100, 500, 1000 and 5000 rubles are issued) economically justified.
The head of the Central Bank, Elvira Nabiullina, explained that the volume of issuance of banknotes of new denominations has not yet been determined, but the issue of banknotes of a new denomination will not affect the volume of cash in circulation. At the same time, banknotes of old denominations will not be specially withdrawn from circulation, and the total amount of money in circulation, according to the head of the Central Bank, will be supported by the withdrawal of dilapidated banknotes.
“We proceed from the fact that the costs of issuing new denominations will be within the framework of the usual cost estimates of the Bank of Russia,” Nabiullina emphasized (quoted by Interfax). She also expressed confidence that the new banknotes will make cash payments more convenient and help Russians save time when paying for goods and services.
Plastic protection
Bavarian Finance Minister Markus Söder has unveiled a new €5 coin, reports The Local.
In the center of the coin is a blue plastic ring. As Zeder explained, with its help the coin can be checked for authenticity. The minister said that, firstly, the material itself is difficult to fake. Secondly, the blue ring will separate the two pieces of metal, thereby making the coin lighter, so that it can also be distinguished from a fake.
The coin will go into circulation starting April 14. A total of 2 million coins will be issued. At the same time, as the publication notes, the new coins are likely to be valued among collectors and are unlikely to be used in everyday calculations.
Now there are eight types of euro coins. We are talking about denominations of 1, 2, 5, 10, 20 and 50 euro cents, as well as €1 and €2.
In the near future, the Bank of Russia plans to develop the design of new banknotes, including determining which types of Russian cities will be presented on them. It is planned to entrust the choice to the Russians themselves: in the summer of 2016, the Central Bank, together with one of the federal TV channels, will launch a vote, following which it will be decided who exactly “gets the money”.
Earlier, the signing of a petition addressed to the Central Bank for the issuance of a banknote of 2000 rubles was launched on the Internet. with the placement of views of Vladivostok on it. The authors of the petition explained their choice by the popularity of the song "Vladivostok 2000" by the Mumiy Troll group.
“The new banknote will make it possible to discover, in addition to the purchasing power of the modern Russian ruble, its cultural and aesthetic value, and will make us see the usual rubles in a new way. The introduction of the new banknote will create a powerful informational occasion that will make people pay attention to the ruble in a positive creative way, which is especially necessary for the ruble in the current situation,” the petition noted.
Previously, Vladivostok was already among the cities whose views were placed on Russian banknotes. In 1995, the seaport of Vladivostok was depicted on a banknote of 1000 rubles, but after the denomination of the banknote with a face value of 1 ruble. it was decided not to release, and Vladivostok disappeared from the money.
Currently, 5 ruble banknotes are in circulation in Russia. (with views of Novgorod the Great), 10 rubles. (Krasnoyarsk), 50 rubles. (St. Petersburg), 100 rubles. (Moscow), 500 rubles. (Arkhangelsk), 1000 rubles. (Yaroslavl) and 5000 rubles. (Khabarovsk). In addition, in 2014, an “Olympic” banknote worth 100 rubles was put into circulation. with views of sports facilities in Sochi, and in 2015 - dedicated to the annexation of Crimea to Russia with views of Sevastopol.
Cash is shrinking
Harvard experts have proposed banning large denomination banknotes to fight organized crime.
The share of cash in the volume of criminal transactions reaches almost 60% annually. The bulk of this amount is made up of large banknotes that are easy to transport. These conclusions were reached by a group of experts from the Government School. John F. Kennedy at Harvard University under the leadership of Peter Sands, former CEO of the British bank Standard Chartered.
Insignificant bills
In legal circulation, large banknotes are of little importance: for example, within the United States, cash payments over $100 make up only about 1% of their total number and 5% of the total volume. $100 denominations account for 78% of the total cash turnover, or just over $1 trillion. The prevalence of such bills in the US itself is low: according to last year's survey by the Federal Reserve Bank of Boston, only 5.2% of adult Americans keep such bills in their wallet, using them regularly. The rest, according to Sands, either circulates outside the United States or is used in illegal activities.
Not only dollars
Sands is also proposing to withdraw the €500, £50 and 1,000 Swiss franc notes from circulation. The value of all €500 notes, for example, is 30% of all the ECB's printed cash (€322 billion), but in reality it's only 3% in terms of the number of banknotes in circulation. Because of its rarity and large role in the criminal business, many Europeans, Sands recalls, nicknamed the €500 banknote "Bin Laden." In 2013, European authorities have already commented on the possible withdrawal of the €500 note from circulation. Then, ECB Deputy Chairman Vitor Constancio, speaking to the European deputies, noted that this measure was “worthy of discussion”, since a banknote of such a high denomination “is not usually used” in everyday life. Since then, this development initiative has not found.
Withdrawn from circulation
In 1969, the US Federal Reserve “for insufficient use” removed from circulation banknotes of $500, $1,000, $5,000, $10,000, as well as $100,000, which was used only for interbank settlements. Since 2010, UK banks have not accepted €500 banknotes for exchange, and since the fall of 2014, the most “expensive” banknote in the world, 10 thousand Singapore dollars, has ceased to circulate at the current rate of $7.2 thousand. The Monetary Authority of Singapore has stopped issuing it, citing “risks associated with large volumes of cash transactions in large denomination banknotes.”
The issue of banknotes is an infrequent phenomenon in our country. The Russians were able to see the latest novelty in 2006, when a banknote of 5,000 rubles appeared. And in 2009, the 10 ruble coin was updated.
Earlier, the media tracked information that the Central Bank of the Russian Federation intends to issue banknotes in denominations of 200 and 2000 rubles. Later it became known that new banknotes will go into circulation on October 12. In this regard, the question arises: “Why does the state need such steps, and what will be the“ new ”money?
In the current conditions, when the country's economy is unstable, such an event as the emergence of new money has brought a lot of noise. Some experts say that new banknotes are an indicator of rising inflation in the country, others say that the issuance and development of new banknotes will entail significant government costs.
However, according to the head of the Central Bank of Russia, Elvira Nabiullina, the Russians should not be afraid. The appearance of new banknotes is not related to inflation indicators, and will not incur any additional costs.
According to the regulator, the state decided to issue new banknotes for two reasons:
Numerous studies have shown that most of the payments of the country's population account for 100-1000 rubles, as well as 1000-5000 rubles. The appearance of denominations of exactly 200 and 2000 rubles will bring not only convenience in calculations, but also reduce the amount of money issued. The reduction in the volume of money will also be achieved by withdrawing dilapidated banknotes from circulation. The number of 1,000 ruble bills will gradually decrease, thereby maintaining the same volume of issued money.
As for the level of inflation, according to the head of the Central Bank of the Russian Federation, its level should not exceed 4% by the end of the year. This indicator is the most optimal when putting new banknotes into circulation.
Many experts argue that, on the contrary, the indicator of inflation in the country is the issue of banknotes of a larger denomination, for example, 10,000, 20,000, etc.
Despite the fact that October 12 is considered the official launch date for the new banknotes, ordinary citizens will be able to see them live towards the end of this year.
New banknotes can be called "people's" without exaggeration. Because the whole country worked on the creation of money design.
In June 2017, the Central Bank announced a competition on the Your Russia website, in which everyone could take part. All that was required from the participants was to vote for this or that image. According to the results of the final SMS voting, Sevastopol and Vladivostok became leaders.
Despite the fact that there were many proposals, it was decided to depict Crimea on the 200-ruble note, and 2000 - Vladivostok.
According to the regulator, more than 3,000,000 people took part in the competition. 5,000 applications were submitted, of which only 76 were considered. More than 49 proposals were received regarding the sights of Russian cities.
In addition, the Russians have repeatedly made proposals to the Central Bank of the Russian Federation on the issue of new banknotes. The idea of creating 200 rubles came from the Crimea in 2014.
The idea of issuing 300 and 3000 rubles also arose. However, preference was given to 2-fold banknotes. In addition, there are already 2 ruble coins in circulation.
The new 200 rubles are made in green. The design of the banknote is dedicated to the monuments of the city of Sevastopol. The front side is decorated with the Monument to the Scuttled Ships, and the reverse side is a view of Tauric Chersonese.
Recall that Chersonese is an archaeological monument, which is part of the UNESCO World Heritage Site.
The Monument to the Scuttled Ships is a kind of hallmark of the city of Sevastopol, and in 2016 it was included in the list of cultural heritage sites of federal significance.
In addition, 200 rubles will now be issued on special paper, which is cotton, will have an increased density, and is also impregnated with polymer impregnation. This composition of the paper will allow the banknote to increase wear resistance, which means that it will be in circulation longer.
As for the 2000 banknote, it is made in blue. The front side of the banknote is decorated with a bridge leading to Russky Island, located in Vladivostok. The reverse side was given to the Vostochny cosmodrome in the Amur Region. The image of a bridge against the background of the sun was chosen as a protective element. Moreover, this element is variable, i.e. changes color when viewing the banknote from different angles.
However, the rapid emergence of new money throughout the country should not be expected. The first regions to receive the new banknotes will be Moscow and the Moscow Region, as well as Sevastopol and Vladivostok. According to the regulator, the introduction of new banknotes will take place in stages and by the end of the year the new money will be in the wallets of citizens.
Based on security issues, the regulator does not report in what order the regions of Russia will receive new banknotes. The process of issuing and the emergence of new money is carried out in the strictest secrecy in order to prevent counterfeiters from roaming.
It is also worth noting that it will be impossible to pay for services and goods with new banknotes using ATMs and payment terminals. For a simple reason - it is still technically impossible. Banking institutions will need time and a lot of money to prepare terminals and their software for new types of money.
Experts predict that collection costs will also increase. Such unforeseen expenses can lead to a sharp increase in the cost of banking services.
But, despite the difficulties that arise, many experts believe that the introduction of 200 and 2000 rubles is a necessary step that should have been taken earlier.
In Russia, on October 12, 2017, new banknotes of 200 and 2000 rubles were put into circulation. This is stated in a message published on the website of the Central Bank of Russia. "The above banknotes are legal means of cash payment on the territory of the Russian Federation and are required to be accepted at face value in all types of payments without any restrictions," the report says.
The Central Bank website presents samples of new banknotes, which use an improved security system and elements with increased relief for visually impaired citizens. They also take into account the trends of modern design.
The symbols for the new banknotes were chosen based on the results of an all-Russian vote. On the front side of the banknote of 200 rubles, the main color of which is green, there is a monument to the scuttled ships in Sevastopol. The main image of the reverse side is the Tauric Chersonese Museum-Reserve. The main image of the front side of the banknote of 2000 rubles (made mainly in blue) is a cable-stayed bridge connecting Russky Island with the mainland of Vladivostok. On the reverse side of the banknote of 2000 rubles, the Vostochny cosmodrome is depicted.
The new banknotes will not have the symbol of the Bank of Russia (a double-headed eagle with an inscription under it). It has been replaced by the coat of arms of Russia (double-headed eagle). The ruble symbol ₽ on the new banknotes appears on the security thread and in microimages. For visually impaired people, the denomination figures are made larger than on other ruble banknotes, and with a noticeable relief.
The head of the Bank of Russia, Elvira Nabiullina, presenting the new banknotes, noted that the regions depicted on them, the Far East and Crimea, as well as Moscow, would be the first to receive them. The mass introduction of banknotes will begin in December, when both banks and enterprises complete the relevant preparations. The receipt of banknotes in circulation will take place in stages, since they are developed in strict secrecy. “This is an international practice, this is how the Bank of Russia traditionally operates, and this is necessary to counter counterfeiters,” Nabiullina explained.
So far, the Central Bank has issued six banknotes depicting the sights of Russian cities - Krasnoyarsk (10 rubles), St. Petersburg (50 rubles), Moscow (100 rubles), Arkhangelsk (500 rubles), Yaroslavl (1000 rubles) and Khabarovsk (5000 rubles). The last time the Central Bank updated the nominal number was in 2009 - then a 10-ruble coin was introduced. Earlier - in 2006 - a banknote of 5000 rubles was put into circulation.
In June 2014, the LDPR faction in the State Duma to the head of the Central Bank Nabiullina issue a new banknote with a face value of 10,000 rubles, dedicated to the annexation of Crimea and Sevastopol to Russia. Nabiullina to consider the initiative. As a result, in the fall, 10-ruble coins dedicated to the entry of Crimea and Sevastopol into Russia were put into circulation.
In February 2015, an initiative group on the Internet portal for collecting signatures in support of civil initiatives launched an online petition with a proposal to the Bank of Russia to put into circulation a banknote of 2000 rubles with the image of Vladivostok. In total, the petition was signed by 7,421 people (in order for the petition to be considered, it was necessary to collect 10,000 votes).
At the same time, the Far Eastern Department of the Bank of Russia, that the Central Bank does not plan to put into circulation a banknote in denominations of 2000 rubles with the image of Vladivostok. “The nominal range of banknotes of the Bank of Russia that exists today fully satisfies the needs of cash circulation,” the department said. And they explained that the decision to introduce new banknotes into the payment circulation is made based on the economic situation in the country, taking into account the needs of money circulation, as well as the ratio between the volumes of payments made in cash and non-cash form.
Nevertheless, in April 2016, Nabiullina announced that the Board of Directors of the Bank of Russia decided to start issuing 200-ruble and 2,000-ruble banknotes in 2017 to simplify Russians' payments for goods and services. "The analysis shows that the issue of banknotes of this denomination is economically justified when inflation is four to six percent," the head of the Central Bank said then. She recalled that the goal of the regulator is to reduce inflation to 4% by the end of 2017.
“When we decided to issue banknotes of this denomination (200 and 2000 rubles), we just proceeded from the fact that we are moving into a system with low inflation,” Nabiullina said on October 12, 2017. And she explained that usually banknotes of such a nominal range, multiples of one, two, five, exist in countries with relatively low inflation. This is what happened in Russia, where inflation is already below 4%.
On October 12, the head of the Central Bank noted that the use of banknotes of other denominations in Russia may decrease. “In our opinion, the use of denominations of 100 rubles and 1000 rubles will rather be reduced, but this will depend on how people will demand these banknotes,” Nabiullina said.
She stressed that the introduction of new banknotes will not affect inflation. “The nominal value by itself is not able and cannot disperse any inflation,” the head of the Central Bank said.
“The issuance of new banknotes cannot accelerate inflation,” agrees Natalya Orlova, chief economist, head of the Alfa-Bank Center for Macroeconomic Analysis. She explained to Forbes that, taking into account the accumulated inflation of previous years, the decision of the Central Bank to issue banknotes of a larger denomination looks justified. “The Central Bank has not issued new banknotes of a larger size for quite a long time. Obviously, this measure reflects the inflation of past years and has nothing to do with future inflation,” the economist noted.
According to Rosstat, annual inflation in Russia in September was 3%. Prior to that, it was 3.3% in August, 3.9% in July and 4.4% in June. The inflation forecast of the Ministry of Economic Development for 2017 is 3.2%. The forecast of the Central Bank is 3.5-3.8%.
According to the Alfa-Bank analyst, this year inflation in Russia will be below 4% and with a high probability - even below 3%. Orlova noted that the strong slowdown in inflation, which we are seeing now, is mainly due to deflationary factors of an agricultural nature. And the situation in the food sector can give a further slowdown in inflation.
Orlova, commenting on the issue of new banknotes, dismissed differences between countries not only in terms of inflation, but also in the propensity of the population to use cash. “Those countries where cash is used more actively, as in the case of Russia, there is usually a need for higher denomination banknotes,” she said.
