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Monday, October 24, 2016

New banknotes of 200 and 2000 rubles will contain the coat of arms of Russia

The head of the CBR Elvira Nabiullina said that the design of the new banknotes of 200 and 2000 rubles will be used the coat of arms of Russia.

According to TASS, she said that the sign of the Bank of Russia is gradually eliminated and the new banknotes will have the coat of arms

She said the new bill will be available by the end of 2017.

Nabiullina explained that the denomination of 200 rubles will replace banknotes of 100 rubles and 500 rubles, and the denomination of two thousand can displace banknotes in one thousand roubles and 5 thousand rubles.

“But we will release as much as is being used by people, and the total money supply will not increase and no inflationary risk from this,” – said the head of the Bank of Russia.


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