Banknotes in denominations of 5 and 10 rubles have arrived at Sberbank’s cash and collection centers in Moscow and the Moscow Region, but so far in a small amount. It is reported by “Kommersant” with reference to the bank.
“In the near future, we expect additional batches, after which the new banknotes will be sent for work to bank branches and customers receiving change delivery services,” the bank told the publication.
Earlier on July 16, this was reported by the Mash Telegram channel. In addition, according to their information, the Central Bank included five- and ten-ruble banknotes in a memo on authenticity checks: “In essence, the rules are the same as for other papers: watermarks and security threads are visible through the light, at an angle you can see the letters “PP “, and the numbers themselves have an increased relief to the touch.”
5 and 10 rubles
The five-ruble banknote was introduced into circulation in 1998, replacing the old banknote with a face value of 5000 rubles, and then withdrawn in 2001 due to a rapidly declining purchasing power and high cost. The metal five rubles turned out to be preferable in monetary circulation.
The main image of the front side was the monument “Millennium of Russia” against the backdrop of St. Sophia Cathedral in Novgorod – on the reverse side, the wall of the Novgorod Kremlin is depicted. The Central Bank is ready to return to the issuance of ten rubles and five rubles. What it threatens In Russia, they plan to resume printing ten-ruble and five-ruble bills at the end of the year… 25 July 11:06
The ten-ruble banknote has been issued since 1997 and has gone through two modifications. It depicted the Krasnoyarsk hydroelectric power station, the chapel of Paraskeva Pyatnitsa and the Communal Bridge in Krasnoyarsk. Since 2009, the Central Bank began to issue 10-ruble coins, in order to completely displace banknotes later, they ceased to be produced in 2013.
It is known that the main difference between the new ten-ruble banknote will be the lacquer coating and UV protection on the reverse side.
Resumption of printing
In July 2022, Deputy Chairman of the Bank of Russia Sergey Belov announced the regulator’s plans to resume the issuance of five- and ten-ruble banknotes. According to him, in the 2000s, these banknotes were in active circulation and wore out quickly, so it was decided to replace them with coins that were more expensive to produce. Belov noted that now technologies have changed, and now banknotes can be varnished, when the cost of minting has increased due to the increase in the cost of the metal. He also said that the increase in the service life of ten-ruble banknotes will have an economic effect.
According to the deputy chairman of the Central Bank, there will be coins and banknotes in denominations of 5 and 10 rubles in circulation.
According to the data of the Central Bank, the share of coins in circulation in terms of number is almost 91%, and in terms of amount, its weight is only 0.8%. In the total amount of banknotes in circulation, the share of denominations of 5, 10, 50 and 200 rubles is less than 0.5%.
Problems with issuance
At the end of April 2022, due to the imposition of sanctions and the massive withdrawal of foreign companies from Russia, Russian banks applied to the Central Bank with a request to postpone the introduction of new banknotes due to difficulties with supplies and technical support of foreign equipment. In a letter from the Association of Banks of Russia to the Deputy Chairman of the Central Bank, Mikhail Alekseev, it was indicated that Diebold Nixdorf and NCR left the country, whose share in the Russian market exceeded 60%. In addition, ADB noted that 100% of cash register equipment for processing banknotes was imported.
The association also stated that it became impossible to update the software of validators in the recycling and cash acceptance modules of ATMs, as well as cash registers and terminals. ADB noted that banks could not add or change templates for new banknotes, and it would take at least six months to finalize the software without the participation of suppliers of imported equipment.
Back in March 2021, the Central Bank planned for 2022-2025 a phased release of modernized banknotes with a face value of 100, 1000 and 5000 rubles in 2023, 500 rubles in 2024, and 10 and 50 rubles. — in 2025.