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27 June, Tuesday

Ufa   °

Brass ten-ruble coins arrived in the Republic

Business

Printing of ten-ruble banknotes is stopped on the territory of Russia since January 1, 2010. The banknotes will be replaced by the ten-ruble coins. The first lot of the coins arrived in Bashkortostan immediately after the New Year holidays.

The replacement of banknotes by coins will go step-by-step and the last “paper” ten-rubles will be withdrawn from circulation at the end of 2012.

As the PR-department of the National Bank RB reports, the banknotes will be replaced because of economy: 10- and 50-ruble banknotes serve less than one year, 100 and 500 rubles – less than two years, 1000 and 5000 rubles – about five years and the life term of coins is much longer – 25-30 years. Besides, the National Bank RB sees in replacement of paper banknotes by coins the incentive for development of automated trade in the country: mini-cafes, systems of newspaper and ticket machines etc.

The color of the coin is yellow. The emblem of the Bank of Russia – the two-headed eagle — is on the coin’s face and its nominal value (10 rubles) stands on the back side. The coin has several defense characters.

Tags: banks,finances
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