Russian Central Bank: restore printing of 10 rubles banknotes
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Russian Central Bank: restore printing of 10 rubles banknotes

The metal is too expensive for the coins of the same denomination

The Russian Central Bank intends to restart the printing of 10 (15 cents of a euro) and, perhaps 5 rubles (7-8 cents of a euro) banknotes, which were put out of circulation years ago. Since 2013, rubles of this denomination have been put into circulation only as coins.

The return to banknotes, rather than coins, of the same denomination is due to the increase in the metal used for minting coins. Furthermore, according to the Deputy Governor of the Russian Central Bank, Sergey Belov, the circulation of coins, compared to banknotes, is much lower as the coins… mostly end up in piggy banks.

The value of a denomination of 10 Russian rubles is about 15 cents of a euro at the current exchange rate.