New banknotes in denominations of 200 and 2000 rubles. Chairman of the Central Bank Elvira Nabiullina and General Director of Goznak Arkady Trachuk spoke about banknotes and ways to protect them. The presentation was organized in the format of a teleconference Moscow - Vladivostok - Sevastopol.
Banknotes will start to go into circulation from October 12, Nabiullina said. The first to receive them are the regions that are depicted on them, and Moscow. "We expect that a new mass introduction of banknotes will begin in December, when both banks and enterprises complete preparations," Prime quoted the chairman of the Central Bank as saying. According to Nabiullina, banknotes "will be introduced in stages, since banknotes 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."
According to Nabiullina, the introduction of new banknotes will not affect inflation in Russia, which is already below 4%; but the number of banknotes of 100 and 1000 rubles in circulation may be reduced.
The main color of the two-hundred-ruble bill is green, it depicts the sights of Sevastopol. On the front side - a monument to the scuttled ships, on the reverse side - a view of Tauric Chersonese. The press service of the regulator notes that the banknote is printed on high-density cotton paper with polymer impregnation. This will give it high wear resistance so that it can stay in circulation longer. These banknotes became the third nationwide issue of banknotes of this denomination in the history of the USSR and modern Russia, TASS notes.
The main color of the 2000 ruble note is blue. On its front side there is a bridge to Russky Island, on the back - the Vostochny Cosmodrome in the Amur Region. The optically variable protective element is made in the form of a stylized image of a bridge against the background of the sun, the regulator notes.
The landmarks featured on the banknotes were chosen in a competition last year. The results of the contest were summed up almost exactly a year ago, on October 7, 2016. In total, more than 5,000 applications with sights from 1,113 Russian cities were submitted for the symbol contest. 10 characters reached the all-Russian vote. As a result, the symbols of the Far East and Sevastopol won.
About plans to put into circulation denominations of 200 and 2000 rubles. Elvira Nabiullina announced in the spring of 2016. She explained that this "will make it possible to simplify citizens' payments for goods and services." She also immediately warned that the design of the new banknotes would be chosen through public discussion.
In May, First Deputy Chairman of the Central Bank Georgy Luntovsky promised that the final design of banknotes would be approved in July and that one of the banknotes would be made “in an improved version”, from new materials impregnated with polymer. According to him, the bills were supposed to go into mass circulation in October.
The image of the ruble symbol on the new banknotes is present on the security thread and in the microimages. The denomination numbers are larger than on other denominations, and are noticeably embossed - especially for people with impaired vision. Both banknotes feature the coat of arms of Russia. On the front side of each banknote there is a QR code with a link to the page of the Central Bank website with detailed information about artistic design and protection against counterfeiting.
In the near future, Russia will acquire new denominations of 200 and 2 thousand rubles. This news was announced on April 12, 2016 on the official website of the Central Bank. But these will no longer be banknotes prepared for the Sochi Olympics, but full-fledged monetary units that Russian citizens will now be able to use.
The issue of new money by the Central Bank has not been made since 2001, but now this resonant decision has been made, which should benefit people by facilitating all financial transactions carried out with cash. Often there were complaints from citizens that it was inconvenient to make payments using existing banknotes.
Why do we need new banknotes?
The answer to this question was given by a political and statesman - Elvira Nabiullina, who said that the introduction of new banknote values should significantly facilitate the calculations of citizens of the whole country. The fact is that most operations are carried out in the ranges from 100 to as well as from 1000 to 5000 rubles. Now intermediate denominations will help to calculate, which will make payments easier and more understandable.
At first, the regulator could not decide whether to choose a value of 200 and 2 thousand rubles or 300 and 3 thousand rubles. Most likely, the decision was made based on the global trend, because in many currencies there is a deuce: 2 dollars, 200 euros, 200 hryvnias, and so on.
How are inflation and the issuance of new money related?
So far, Nabiullina believes that it is possible to accept a situation in which inflation does not rise above six percent by expediently issuing currency. So far, the analysis reveals that the Bank of Russia is doing everything possible to bring inflation down to four percent by the end of 2017. Until recently, on loans it was 11 percent, at the moment this number has fallen by 0.5 percent, that is, the rate has become 10.5 percent. This is due to the fact that monetary policy is being carried out, which should also have a positive effect on the value of the currency.
At the moment, in economic terms, Russia is beginning to stabilize, which can be seen from the dynamics of GDP in the first quarter of 2016. This is partly achieved by reducing fluctuations in oil prices. The Bank of Russia also confirms these statements, adding that positive trends will not go hand in hand with rising inflation.
All this is aimed at destimulating the consumer ability of citizens, because this is how it will be possible to slow down price growth to a minimum. The head of the regulator added that the issue will not affect the money supply in any way, leaving it the same, because the old banknotes will go out of circulation and be replaced by new banknotes. Thus, it will be possible to achieve that the issued money does not require additional costs.
Justified issuance of banknotes
I also agree that new ones simply need to be given into the hands of citizens, because one hundred rubles is no longer a large amount for which you can buy food for a day, which cannot be said about a currency with a value of 200. In addition, a banknote of one thousand also does not seem something weighty, so entering new values is simply necessary. Plus, it will be much easier for the Central Bank, because it will save money on the production of fewer banknotes.
Is this information correct?
Absolutely. All available ones that are ready for work will be launched. In fact, all the machines are still working, because at the moment the budget deficit is covered thanks to the available funds in the Reserve Fund.
The creation of a financial cushion is also being organized, which will be able to protect the entire Central Bank from a collapse. The purchase of foreign currency is carried out from the Ministry of Finance. The whole operation pays off in full thanks to the issuance of new money.
At the moment, issuance financing is carried out only in small amounts, as Oleg Vyugin put it. Now the financing of the deficit is being carried out from but in fact - emission. So far, the Central Bank cannot sell a sufficient amount of the currency reserve received from the fund.
Banknote design
The new money will be in the hands of the citizens of Russia already in 2017, but until then the design will remain uncertain. It is necessary to conduct a vote, according to the results of which the most suitable "face" for the new banknotes will be chosen.
If you think logically, then the symbols of Russian regions should be used on new banknotes, as well as on old ones. This is exactly what the Central Bank wants to do, Elvira Nabiullina noted. So the design will remain roughly generic, so the new money will be able to confidently fit into the existing picture.
This summer, 49 cities were selected that may appear on the new banknotes. At the moment, about a million Russians have taken part in the vote, for whom the design of new money turned out to be important and interesting.
Each symbol had to get more than five thousand votes in order to pass to the second stage, in which the winner would also be chosen by popular vote. That is why it will not be possible to find a photo with new money until the voting is over.
For voting, the inhabitants of Russia independently proposed symbols that could become a new “face” for banknotes designed to make life easier for citizens. It was also possible to nominate a symbol of your own city as a contender. There are also many cases when several characters from one city passed to the second stage at once. So far, it is not known exactly what kind of new money a certain symbol will wear, whether it be 200 or 2 thousand rubles, but it is not long to wait for the results.
It is very encouraging that people are showing interest in this project, trying to contribute to this situation. People constantly sent photos, sketches, drawings that they would like to see on the future banknote.
Second round of the competition
The second part of the competition has also already passed. All possible settlements were covered, including small villages, so that anyone could express their opinion and vote. Only citizens over the age of 18 could participate. The stage was held from the fifth to the thirtieth of August. According to the results of the competition, ten cities were identified, each of them provided two symbols. As a result, we have 20 characters.
Participants of the final stage
The contenders for the victory were:
- Vladimir - Golden Gate, Assumption Cathedral.
- Volgograd - "The motherland is calling!", Mamaev Kurgan.
- Far East - Vostochny Cosmodrome, Bridge to Russky Island.
- Irkutsk - Lake Baikal, Babr.
- Kazan - Kazan Kremlin, Kazan Federal University.
- Nizhny Novgorod - Kremlin, Fair.
- Petrozavodsk - Kizhi.
- Sevastopol - Tauric Chersonese, Monument to the Scuttled Ships.
- Sergiev Posad - Holy Trinity Sergius Lavra.
- Sochi - Rosa Khutor, Fisht stadium.
The winners of the voting will be chosen on October 7th. The live broadcast will be broadcast on the TV channel "Russia 1", anyone can vote via SMS. The new money in Russia will bear exactly some of these symbols.
Banknote security
New money will be issued with excellent protection against fraudsters who are constantly trying to deceive citizens. The head of the Central Bank will try to teach everyone to distinguish real banknotes from fakes. Until the bills are released, no information is disclosed in order not to give criminals time to prepare for new technologies.
In October 2017, the Bank of Russia presented to the public new banknotes in denominations of 200 and 2000 rubles. Immediately after the release of these banknotes into circulation, they could be seen and received by residents of the capital and those cities whose symbols adorned these banknotes, but by December they began to rapidly spread throughout the territory of the Russian Federation.
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What is shown on the banknote of 200 rubles
When they started talking about expanding the nominal range of banknotes, the question arose, what will be depicted on the new banknotes? And already at the beginning of 2016, the Central Bank announced that the images would be determined through competitive selection. The competition ran from June to October. During this time, many citizens of the Russian Federation who wish to contribute to the development of the design of new banknotes actively proposed a variety of options, but only two winners were chosen by all-Russian voting.
- by SMS voting on the air of the Russia 1 TV channel, indicating your choice in the message;
- take part in the online voting, which was held on the official website of the Central Bank;
- vote during a personal visit on an open day at the Bank of Russia.
- Vladimir - the Golden Gate and the Assumption Cathedral;
- Far East (Vladivostok) - Vostochny Cosmodrome and the bridge to Russky Island;
- Sevastopol - a monument to the sunken ships and Tauric Chersonese;
- Volgograd - Mamaev Kurgan and the monument "Motherland is calling!";
- Irkutsk - about. Baikal and babr;
- Kazan - Kazan University and the Kremlin;
- Sochi - symbols of the Winter Olympics 2014 (Fisht Stadium and Rosa Khutor);
- Sergiev Posad - Holy Trinity Sergius Lavra;
- Nizhny Novgorod - the local Kremlin and the famous fair;
- Petrozavodsk - a monument to Kizhi.
Interestingly, about half of all voters cast their votes in favor of one of the sights of the newly minted subject of the Russian Federation - Crimea, despite the fact that everyone sincerely wanted to admire the symbols of their hometown and region on the new banknotes of 200 and 2 thousand rubles.
What city on a 200 ruble bill
The symbols of these cities adorned the banknotes of 200 and 2 thousand rubles. The Board of Directors of the Bank of Russia had to determine which city and where it would be depicted. Already on February 1, 2017, information appeared in the public domain on the official website of the Central Bank that the banknote of 200 rubles will be decorated with symbols of the city of Sevastopol, and the 2000 rubles will depict the Vostochny cosmodrome and the bridge to Russky Island.
The design of the new banknote of 200 rubles looks very attractive. It is made in a predominantly green color on fairly thick cotton paper impregnated with polymers, due to which its wear resistance was increased. When creating this banknote, an improved security complex and special convex elements were used to simplify the use of banknotes by people with poor eyesight, as well as blind citizens.
The front side of the banknote is decorated with the image of the monument to the scuttled ships in Sevastopol. Also on this side is a QR code in the lower right corner, with which you can follow the link to the official website, where you can find out detailed information about all levels of protection, decoration and methods for verifying the authenticity of banknotes. On the reverse side of the two-hundred-ruble banknote, Tauric Chersonesus is depicted. A distinctive feature of the newly introduced banknotes in denominations of two hundred and two thousand rubles is the image of the coat of arms of Russia instead of the symbol of the Central Bank.
Why was this denomination chosen?
After the Bank of Russia announced its intention to expand the nominal range of national banknotes and put into circulation new banknotes of 200 and 2 thousand rubles, a question arose that began to worry many citizens, why with such a denomination? Why not 300 or 1500 thousand or some other? First of all, the denomination of banknotes was chosen based on the fact that many countries use money, the denomination of which contains the number 2 - 2 dollars, 200 euros, 200 hryvnias, etc. Moreover, experts argue that it was precisely these banknotes that were missing in the nominal range of the Russian national currency for the convenience of cash payments.
There is also a version that banknotes of 100 and 1000 rubles have long outlived their usefulness and depreciated, since 100 rubles. you can’t buy almost anything anymore, and even 1 thousand is not enough for one trip to the store. It was for the convenience of making cash payments that banknotes of 200 and 2 thousand rubles were issued.
The head of the Central Bank of Russia said that the issuance of banknotes of this denomination is carried out at an inflation rate of 4-6%, an indicator that the economy of the Russian Federation is so stubbornly striving for. Therefore, from an economic point of view, the issue of these banknotes is expedient and profitable and will not cause inflation. Taking into account that previously the minimum denomination in the nominal ruble series was a banknote of 50 rubles, and the maximum - 5 thousand, the release of average denominations into circulation will simplify and unload the cash settlement system. After the introduction of new banknotes of 200 rubles and 2 thousand rubles into circulation, the nominal series of ruble banknotes is completed.
The expert believes that there may be a shortage of hundred-ruble and thousand-dollar bills
There will be two more banknotes in the wallets of Russians. On October 12, banknotes of 200 and 2000 rubles were put into circulation, the Bank of Russia reported. The capital and the regions whose sights are depicted on them, that is, Sevastopol and the Far East, will be the first to receive banknotes.
The rest of the country's population will be able to pay with new money only in December. As explained in the Central Bank, the phased introduction of banknotes is necessary to counter counterfeiters. However, now the Russians are concerned about several other issues. In particular, how will the issuance of new banknotes affect inflation? Besides, is it related to the upcoming presidential elections? Maybe in this way the authorities are trying to “stuff” the pockets of the Russians and at the same time close their mouths?
The last time the Central Bank launched new money was in 2009. Then a ten-ruble coin appeared. And now, eight years later, the regulator pleased our fellow citizens with two new products at once.
However, not all Russians will find themselves in the hands of new banknotes. According to Elvira Nabiullina, Chairman of the Bank of Russia, the banknotes will "disperse" throughout Russia only in December. The regulator will introduce them gradually, as banknotes 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,” the head of the Central Bank explained.
In addition, Nabiullina assured that the issue of banknotes would not affect inflation. The fact is that the Central Bank does not issue, but only renews paper money in circulation. In other words, simultaneously with the introduction of banknotes in denominations of 200 and 2000 rubles, the number of banknotes of 100 and 1000 rubles will be reduced. “The new banknotes will be printed not in addition to the current ones, but instead of them. That is, the volume of the money supply will remain the same, ”Ivan Antropov, first deputy director of the Institute of Actual Economics, explains to MK.
According to the expert, price growth is now limited by weak demand for goods and services from the population. “Now the situation is such that even with a constant formal increase in wages, the real disposable income of the population - and this is exactly the free money that can be spent - is steadily declining due to the growth of mandatory payments. The introduction of new banknotes will not increase salaries in any way, which means that demand will remain approximately at the same level, ”the economist explains.
According to him, it is rather a matter of convenience of calculations and psychology. Maybe it will be more pleasant for someone to hold larger bills in their hands, having received a salary. In addition, it is difficult to pay in small change, and bank transfers in our country are not yet so popular.
In connection with the printing of new money, some experts express concern that the amount of money supply in Russia (the so-called M2 aggregate) will increase. According to the results of the second quarter of 2017, it amounts to 39.2 trillion rubles, of which about 9 trillion is in cash.
“In Russia, we traditionally have a very large volume of cash turnover, unfortunately, we are slowly switching to initialless payments using bank cards,” said Boris Kheifets, professor at the Financial University under the Government of the Russian Federation. At the same time, the expert does not believe that a massive "stuffing" of new money can provoke an acceleration of inflation. “In relation to GDP, our money supply is not very significant. Now we are talking about the diversity of supply, and inflation can be affected by the volume of money emission. We need to look at the dynamics of M2: if it increases sharply and there are not enough mechanisms to neutralize the money supply, then there is a threat of accelerating inflation,” says the professor.
At the same time, the appearance of new banknotes will first of all cost a pretty penny to banks, which will have to change the software of ATMs. By the way, as Nabiullina noted, from October 12, ATMs and cash equipment, which were previously tested on samples, will be configured to use "live" new banknotes.
However, as experts warn, at first it is in stores that Russians will experience some inconvenience from using new products. According to Anna Vovk, head of the committee for the development of the investment environment for the business of the Moscow Chamber of Commerce and Industry, the population will most likely face a shortage of banknotes of 100 and 1000 rubles. “The inaccurate introduction of new banknotes can lead to a shortage of old banknotes of 100 and 1000 rubles and problems with issuing change,” the expert warns.
But, on the other hand, this will encourage the population to more actively switch to cashless payments. “Of course, the state will be in the black - all costs will be under control. In addition, it will be possible to save money, since emission is expensive. Another thing is that the moment chosen is not entirely successful. The country is large, and so far not everywhere it is possible to pay with bank cards,” Vovk notes.
Therefore, according to experts, the authorities first need to establish a banking infrastructure. And then the population itself will willingly begin to refuse cash, which now often lies like a dead weight under their mattress.
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On Thursday, October 12, Central Bank Chairman Elvira Nabiullina and Goznak CEO Arkady Trachuk presented new banknotes of 200 rubles and 2,000 rubles. The presentation was held in the format of a teleconference Moscow - Vladivostok - Sevastopol. New banknotes have already begun to enter circulation, but the mass introduction of new banknotes will begin in December.
Elvira Nabiullina said that the regions depicted on them will be the first to receive the new banknotes. We are talking about the Far East and the Crimea. So, on the banknote of 200 rubles Chersonesos Tauride is presented, and on the back - a monument to the Scuttled Ships in Sevastopol. On one side of the banknote of 2000 rubles, the Vostochny cosmodrome is depicted, and on the other, the bridge on Russky Island in Vladivostok.
New banknotes will be introduced into circulation in stages - this is a standard international practice adopted to counter counterfeiters, Elvira Nabiullina emphasized.
“From today, banknotes will begin to go into circulation. The Central Bank expects that the mass introduction of banknotes will begin in December, when both banks and trade enterprises complete preparations. Now it will be necessary to prepare all ATMs and payment terminals for working with banknotes. In our opinion, it will take a little time, by December the whole system will be ready, ”TASS quotes the head of the regulator.
Elvira Nabiullina stressed that the introduction of new banknotes will not affect inflation in Russia, which is already below the Central Bank's target for 2017 (4%). At the same time, the chairman of the Bank of Russia did not rule out that the use of banknotes of 100 and 1000 rubles would be reduced.
“The introduction of new banknotes will not affect inflation. This is done for the convenience of the functioning of business entities in Russia - as a rule, these are retail outlets and, of course, individuals. A banknote of two thousand rubles allows you to simplify cash circulation, because, as a rule, no one has change from five thousand. And, roughly speaking, if someone managed to exchange these five thousand, then the next one who presents five thousand for payment will not find change. From this point of view, there will be a simplification of financial operations for all subjects, ”Maxim Shein, chief strategist of the BCS management company, commented on the introduction of new banknotes to RT.
According to the analyst, it makes no sense for the financial authorities to withdraw the hundred-ruble note from circulation. Another question that still remains open is whether, taking into account inflationary processes, it is necessary to continue printing banknotes with a face value of 50 rubles.
In addition, the five-thousandth banknote may soon be modified. This statement was made by the head of Goznak Arkady Trachuk.
“The five thousandth banknote was put into circulation in 2011. The seven-year modification period begins next year - it can be assumed that modification work will be carried out, ”Trachuk is quoted by TASS.
The last time the Central Bank launched new denominations of banknotes was in 2009, when a ten-ruble coin came into circulation. Earlier in 2006, a banknote of five thousand rubles was launched, and in 2001 a thousand-ruble banknote appeared.
Recall that the competition, during which the characters for the new banknotes of 200 and 2000 rubles were selected, started in June 2016 and ended in October. About five thousand sights from 1113 cities of Russia participated in it. As a result, according to the results of the all-Russian vote, the symbols of Sevastopol and the Far East won.
“Banknotes of 200 rubles and 2000 rubles are launched for the convenience of money circulation. We have been talking about them for three years already, and, in principle, this is quite justified. I think that large denominations will not be issued, because there is a risk of fakes, and more and more scammers are interested in fakes. Any cash turnover is a big cost associated with collection, among other things. And here it is clear that the Central Bank cares about this, ”said Ivan Rodionov, professor at the HSE Department of Finance, in a conversation with RT.
In the economic history of modern Russia, the issue of banknotes of 200 rubles will be the third in a row. For the first time, the State Bank of the USSR issued a banknote of this denomination on October 30, 1991 due to galloping inflation in the country. On the front side of the banknote, the profile of Vladimir Lenin was depicted, on the back - the Kremlin Palace of Congresses and the Trinity Tower of the Moscow Kremlin. But already in July 1992, the Bank of Russia issued a modified version of the two-hundred-ruble banknote - Lenin's profile on the watermark was replaced with wavy stripes and stars, and a color pattern appeared on the white field.
A year later, things changed again. This time thanks to monetary reform. New banknotes of 200 rubles appeared - pink and smaller. On the front side were the Senate Tower of the Moscow Kremlin and the dome of the Senate with the fluttering Russian tricolor. On the back - the Kremlin towers, Troitskaya and Kutafya. These banknotes were in circulation until January 1, 1999, until the denomination turned 200 rubles into 20 kopecks.