Russian Central Bank to introduce 200 and 2,000 ruble notes in late 2017

By user
In August 18, 2016
On NEWS
Comments off
732 Views

Source: CBR; “Russia Beyond The Headlines”

New banknotes with denomination of 200 and 2,000 rubles will be in circulation in late 2017, Chief of Russia’s Central Bank Elvira Nabiullina told a press conference held at the TASS news agency on June 28 2016.

The head of the Central Bank said that images for the new banknotes will be chosen during a three stage contest.

At the first stage the Russian citizens are invited to propose cities and their symbols at a special website.

At the second stage, in August, the Public Opinion Foundation will conduct an opinion poll to select 10 most popular cities and territories and corresponding 20 symbols.

At the third stage, in September, two cities winners and respectively four symbols of those cities (two for each city) will be chosen from the list of ten.

On October 7, the Rossiya 1 TV channel will broadcast a program where Russian citizens will be invited to make the final choice via an sms vote.

The introduction of new banknotes meets the Central Bank’s target for lowering inflation.