“The doubling of their denomination is explained precisely by the fall in the ruble exchange rate by almost a multiple of times.” With these words, experts comment on an event that has not happened in Russia for a long time - plans to introduce new banknotes into monetary circulation. Ideas about exactly what the new banknotes will look like are already being expressed.

The head of the Central Bank, Elvira Nabiullina, announced the decision taken by the board of directors to issue banknotes in denominations of 2000 and 200 rubles. The new banknotes will increase the convenience of cash payments and will also save time when paying for goods and services, the regulator says. According to the analysis of the Central Bank, most purchases now take place in the ranges of 100–500 rubles and 1000–5000 rubles. According to Nabiullina, no banknotes of old denominations will be specifically confiscated, and the volume of money in circulation will be maintained through the withdrawal of old banknotes.

“The doubling of their denomination is explained precisely by the fall in the ruble exchange rate by almost a multiple of times.”

The introduction of new banknotes into circulation is expected by the end of 2017, since the period from the start of development to issue new banknote circulation is about two years. It is no coincidence that the regulator dealt with these banknotes today. They thought that the basis for the appearance of 200 and 2000 rubles would appear in just two years. “The analysis shows that issuing banknotes of this denomination is economically justified when inflation is 4–6%,” Nabiullina said. At the same time, the regulator’s inflation target for 2017 is exactly 4%.

After the annexation of Crimea to Russia, the LDPR faction proposed to the Central Bank to issue a banknote with a face value of 10 thousand rubles, which would depict the historical places of Crimea. However, the regulator decided that it would issue a banknote with Crimea, but it would not be intended for wide circulation, as was the case with the “Olympic” banknotes.

The Central Bank believes that the Russian economy does not need to put into circulation banknotes in denominations of more than 5 thousand rubles. This is quite reasonable if the regulator intends to prevent inflation from accelerating and achieve the target of 4% inflation by the end of 2017. The need for higher denomination notes arises only when money depreciates too quickly.

“The weakening of the ruble by almost half, the subsequent increase in inflation and, as a consequence, rising prices led to the fact that the denomination of those banknotes that were previously mainly used by the population, such as 100 and 1000 rubles, became insufficient. Accordingly, for the convenience of calculating the population, it was decided to introduce new banknotes of a higher denomination. Moreover, the doubling of their denomination is explained precisely by the fall in the ruble exchange rate by almost a multiple of times,” says Nikita Kulikov, executive director of Heads Consulting.

The introduction of these banknotes right now is explained both by technical issues and by the stabilization of the economy, he suggests. A third option is not excluded. “Perhaps someone in the government really liked the option of introducing a 2,000 ruble banknote with the image of Vladivostok, and that is why this decision was made,” Kulikov does not rule out.

Vladivostok 2000

The Bank of Russia intends to preserve the tradition of depicting symbols of Russian regions on banknotes. Earlier, a petition was launched on the Internet to the Central Bank to issue a 2,000 ruble banknote with a view of Vladivostok. “It is Vladivostok... that deserves to have the 2 thousand ruble bill given to it undividedly - back in 1997, the Mumiy Troll group tightly linked Vladivostok with this figure in the collective unconscious,” said the authors of the petition.

We are talking about a song called “Vladivostok 2000” from the 1997 album “Morskaya”. “We’re leaving, we’re leaving, we’re leaving - purer times will come / Beats, my dear, burning in ecstasy - Vladivostok 2000” - this is the chorus of the famous song. The disc with this song became the best-selling Russian album of 1997, according to InterMedia. Just a few months after the album's release, the circulation exceeded 1 million copies. Actually, it was from this album that the group became popular.

According to the idea of ​​the authors of the petition, on the front of the bill one can depict the bridge over the Golden Horn Bay, the city’s coat of arms and the rostral column with the sailing ship “Manjur”, on which the founders of Vladivostok landed in the bay in 1860. On back side banknotes - an image of the Vladivostok funicular.

According to the authors, “the new banknote will provide an opportunity to open, in addition to the purchasing power of modern Russian ruble, its cultural and aesthetic value, will make you see familiar rubles in a new way. The introduction of a new banknote will create a powerful informational occasion that will force people to pay attention to the ruble in a positive, creative way, which the ruble especially needs in the current situation.”

However, the Central Bank did not like this idea. More precisely, Nabiullina decided to start a new tradition - to make the choice of symbol for depicting additional denominations public. “In the coming months, we plan to begin a discussion process with one of the federal television channels and hold a vote, based on the results of which a choice will be made about what to depict on the new banknotes,” she said.

The last time the nominal series was updated was in 2009, when a ten-ruble coin was introduced (Krasnoyarsk is shown), before that, in 2006 - a 5,000 ruble bill (Khabarovsk), and even earlier, in 2001 - a 1,000 ruble bill (Yaroslavl There are also banknotes in circulation in Russia in denominations of 5 rubles (Veliky Novgorod), 50 rubles (St. Petersburg), 100 rubles (Moscow), 500 rubles (Arkhangelsk). In 2014, an “Olympic” 100-ruble banknote with views of sports facilities in Sochi was put into circulation, and in 2015, a hundred-ruble note with views of Sevastopol, dedicated to the reunification of Crimea with Russia.

Currency reforms

The appearance of new banknotes cannot be called a large-scale monetary reform, but this adjustment is a tribute to economic trends: the devaluation of the ruble.

There are different types of changes in banknotes depending on the state of the economy and the goals that countries set. For example, in Soviet times, the last full-scale monetary reform was carried out in 1961. Then it was introduced into circulation new ruble, which lasted longer than all its predecessors - as much as 30 years, until 1991.

This reform was essentially denominational: for 10 “Stalinist” rubles they gave one “Khrushchevite” ruble. Salaries, pensions, scholarships and prices were also recalculated in a ratio of 10 to 1. Then the reform was announced in advance, and for fear of losing their savings, the population rushed to buy jewelry, furs, fabrics, and non-perishable products. Some tried to save their savings in deposits in savings banks.

However, one must understand that at that time the monetary reform was designed precisely to increase the money supply in the country. The USSR did not have enough money to defend its leadership position in the world. Then the arms race and ambitious plans to conquer space began. In addition, large investments were required to support countries outside the USSR, in Africa and Asia. This reform led to both negative and positive results. On the one hand, it was not possible to avoid food shortages. Currency reform assumed that the prices of goods should decrease by 10 times, and if in stores the price tags actually changed in this ratio, then in the markets the cost of goods was reduced only by four to six times.

But overall, the reform had a positive result. Soviet money acquired greater value, and its circulation improved. In addition, it was at this time that the country began to receive good income from oil exports.

The introduction by the Central Bank of new banknotes in denominations of 200 and 2000 rubles was not economically necessary, but it solves several problems at once. About it FBA "Economy Today" said the associate professor of the department stock markets and financial engineering RANEPA Sergey Khestanov.

“There was no technical need for the introduction of new denominations - Russia for many years made do with the previous set, which made it possible to solve all problems with everyday settlements. As a rule, the world's central banks decide to issue larger denominations than those already available due to high inflation risks - if the Bank of Russia initiated the issue of a ten-thousandth banknote, this would be a signal for an imminent inflationary surge.

The issue of money is an entire industry associated with the development of their design and degrees of protection, the production of printed forms, direct printing or minting, their storage, collection and security. In order for this entire chain to maintain qualifications and work effectively, it is customary to periodically either introduce money of a new denomination, or change the design of existing ones. And, of course, the appearance of new money is always a holiday for numismatists,” the economist notes.

Today, the head of the Bank of Russia, Elvira Nabiullina, presented the introduction of new banknotes in denominations of 200 and 2000 rubles into circulation. The banknotes will be introduced gradually, the Far East and Crimea will be the first to receive them - the cities of these regions are depicted on banknotes. Muscovites will be among the first to have the opportunity to pay with them. This money will go into mass circulation by the end of 2017.

“The issue of new money, in principle, can affect the rate of inflation, but this depends on the moment at which they are introduced into circulation. If inflation in a country is already quite high, the appearance of additional banknotes can accelerate it. However, a unique situation has now developed in Russia ", when inflation is even lower than the target set by the Central Bank. Its level has never been so low in the Russian Federation. In these conditions, the appearance of new banknotes does not create inflationary risks," the expert emphasizes.

Should I be afraid of counterfeits?

New banknotes have been awaited in Russia for a long time - the Central Bank announced their introduction into circulation at the beginning of the year, and in the summer the design of the banknotes was approved. This process was preceded by a competition of cities that claimed to be “immortalized in money”; in the end, it was decided that symbols of Sevastopol (a monument to sunken ships and a view of Tauride Chersonesus) would appear on the 200 ruble banknote, and famous places of the Far East (the bridge on Russky Island and Vostochny Cosmodrome).

In May, Nabiullina stated that additional denominations would make it easier for citizens to pay for goods and services. Now banks and trading enterprises are actively preparing for new money - they are reconfiguring software cash registers, ATMs and payment terminals “learn” to recognize banknotes and work with them.

“Counterfeiters always have an ambivalent attitude towards the appearance of new money. On the one hand, they have a small temporary “window” until the software of counterfeit detection machines is updated, which makes it possible to introduce counterfeits. But any modern money has many degrees of protection, and programs are updated quite quickly, and this is a problem for criminals.That is why some countries regularly change the design of existing banknotes - this is one of the measures to protect against counterfeiting.

The widespread introduction of online payments, the spread of e-commerce, and the connection of all cash registers in the country to the Internet for instant reporting to government agencies lead to the fact that cash circulation in the country is steadily declining. First of all, this happens in megacities, and the geography of the Russian Federation is such that the bulk of the population is concentrated in large cities.

Maybe, new denomination bills will in some ways make cash payments more convenient for Russians, but in the end, non-cash payments will still “defeat” coins, leaving them a very modest niche in the overall structure financial turnover countries," concludes Sergei Khestanov.

Illustration copyright Artyom Korotayev/TASS Image caption The new banknotes will feature symbols of Crimea and the Far East

New banknotes in denominations of 200 rubles and 2 thousand rubles have been put into circulation in Russia. They will fully go into mass circulation in December, the Bank of Russia announced on Thursday.

How do they look?

200 ruble banknotes will be green. They contain symbols of Sevastopol - a monument to sunken ships on front side and a view of Tauride Chersonesos - on the reverse. The banknote is printed on polymer-impregnated cotton paper. As stated in a press release on the Central Bank website, this will ensure its high wear resistance and extend its life.

Banknotes of 2 thousand rubles will be blue. The front side depicts a bridge to Russky Island on Far East, on the reverse - the Vostochny cosmodrome in the Amur region.

The symbols for the new banknotes were chosen during a competition in 2016. More than 5 thousand applications were received, including 76 proposals with attractions from 49 regions, according to a message on the Central Bank website.

The head of the Central Bank, Elvira Nabiullina, did not rule out that the design of banknotes may change over time, but “in the course of the planned modernization of banknotes.” At a press conference in Moscow, she explained that such modernization is usually carried out every five to seven years.

What to do with Crimean symbols?

Sevastopol is located on the Crimean Peninsula, annexed by Russia in 2014. At a press conference in TASS, the head of the Central Bank was forced to answer a question from a Japanese television journalist whether the presence of symbols of Crimea would undermine confidence in the Russian currency.

"The ruble and the value of the ruble, respect for the ruble is determined by the condition Russian economy, its growth, the power of the state, the presence of gold and foreign exchange reserves. The symbols were selected by the Russian population... This reflects the desire of people to see these symbols on official banknotes,” Nabiullina said.

What's unusual about them?

On the front side of each banknote there is a QR code, after reading which you can read on the Bank of Russia website about the artistic design of the banknotes and their protection.

True, this is not the first time that QR codes have been placed on Russian banknotes. For the first time, a QR code was placed on a commemorative 100 ruble banknote. But they were released in a limited edition of 20 million copies.

Illustration copyright Artyom Korotayev/TASS Image caption The new banknotes will go into mass circulation in December

It’s interesting that the 2,000 ruble bill actually featured one of the symbols of Vladivostok. Last year, on the Internet on the website Change.org, it was even suggested to sign a petition to issue this banknote with views of this city.

“The collective unconscious offers us a combination that has long been on the surface - “Vladivostok 2000,” once introduced by the Vladivostok group “Mumiy Troll,” said the petition addressed to the central bank. It was signed by 7.4 thousand people.

Why is new money needed?

The head of the Bank of Russia, Elvira Nabiullina, spoke about the fact that new banknotes in denominations of 200 rubles and 2000 rubles will appear in Russia back in the spring of 2016. Now in Russia the smallest banknote is 50 rubles, the largest is 5 thousand rubles.

The head of the Central Bank previously explained the need to issue new banknotes by saying that this “will make it easier for citizens to pay for various goods and services.” Now, as Nabiullina said today, the nominal series of banknotes in Russia can be considered complete.

The issue of additional banknotes in denominations of 200 rubles and 2 thousand rubles is considered economically justified with inflation of 4-6 percent, she added.

“In principle, such bills simplify money turnover“: in Russia, almost 70% of transactions are still carried out in cash, so a smaller breakdown was worth introducing,” a professor of finance at the Russian Federation told the BBC Russian Service economic school Oleg Shibanov.

“Plus, these bills are more durable - they are partly made of plastic, so they will be cheaper to use. In my opinion, the bills fill the void between denominations. This is even mathematically justified, since the need for change and the number of bills in transactions will be reduced,” he added.

Previously, the Republic wrote that the introduction of new denominations should reduce the wear and tear of small bills and, therefore, the cost of printing them. The new banknotes will take on part of the burden that currently lies on hundreds and thousands - the most common banknotes in general circulation.

On October 12, new banknotes in denominations of 200 and 2000 rubles entered circulation in Russia. The cities they depict - Sevastopol and Vladivostok - were chosen following a popular vote last year. First of all, the banknotes will appear in the corresponding regions - in Crimea and the Far East, as well as in Moscow.

“We expect that the mass introduction of banknotes will begin in December, when both banks and enterprises complete preparations,” said the head of the Central Bank, Elvira Nabiullina.

The 200-ruble banknote is predominantly green. On its front side is depicted one of the symbols of Sevastopol - the Monument to the Scuttled Ships, and on the reverse side - a view of the Tauride Chersonese.

The main color of the 2000 ruble banknote is blue. On the front side there is an image of the bridge to Russky Island, on the back - the Vostochny Cosmodrome in the Amur Region.

On the front side of the banknotes there is a QR code containing a link to the Bank of Russia page with detailed information about the decoration and security features.

The denomination numbers are larger than on other banknotes and have a noticeable relief. This is made for people with low vision.

Both banknotes are printed on high-density cotton paper with polymer impregnation. It is expected that this will ensure their high wear resistance and extend their life in circulation.

In 2017, the Central Bank will issue banknotes in denominations of 200 and 2 thousand rubles. The issue of these banknotes will simplify payments for Russians, as well as slow down the speed of money circulation and help the Central Bank in the fight against high inflation. The design of the banknotes will be chosen based on the results of an all-Russian survey.

In 2017, the Central Bank of the Russian Federation plans to introduce new banknotes in denominations of 200 and 2 thousand rubles. According to the regulator, such banknotes are necessary to simplify payments for Russians. A significant part of payments are in the range between 100 and 500 rubles, as well as 1 thousand rubles and 5 thousand rubles, the Central Bank explains.

As stated at a press conference on Tuesday, banknotes will not be issued at the expense of federal budget, but with funds from the Central Bank, which are provided within the framework of the program to improve the security complexes of banknotes. The total volume of emission will not increase as a result, and the issue of new banknotes will not affect the rate of price growth, the head of the Central Bank said. No banknotes of old denominations will be specially withdrawn; the volume of money in circulation will be maintained through the withdrawal of old banknotes.

The volume of issue of banknotes of new denominations has not yet been determined, it will be calculated based on the need for these bills, the head of the Central Bank added. After the release of new banknotes, the proportions of those existing in circulation will change: now 20% of the turnover is made up of 5 thousand ruble banknotes, and 30% of the face value is 1 thousand ruble banknotes.

The last time the Bank of Russia launched new denominations banknotes in 2009, when the 10-ruble coin appeared. In 2006, a 5 thousand ruble banknote was launched, and in 2001, a 1 thousand ruble bill.

It's harder to spend big ones

"In addition to simplifying the calculations, in my opinion, There are several more aspects from the theory of money that are associated with the release of new banknote denominations. The fact is that the banknote composition of the money supply affects the speed of circulation. How larger than a banknote, the slower the speed, all other things being equal money circulation. If you only have five thousand dollar bills in your wallet, you will spend them more slowly. Therefore, the introduction of such banknotes slows down the circulation rate and, in turn, slows down inflationary processes. Our inflation is already high, it needs to be reduced,” says Sergei Motuz, associate professor of the Department of Finance. “Secondly, whatever one may say, a change in the composition of banknotes may be associated with cost reductions Central Bank to organize money circulation," he added.

"In countries with high inflation, which include Russia, issuing banknotes with a higher denomination can serve to simplify payments. The actual purchasing power of a 200 ruble bill corresponds to 100 rubles of the 2007 model, so we can say that it is replacing it. Similarly, 2 thousand rubles in purchasing power will replace a 1000-ruble bill from 10 years ago,” he believes financial analyst Vsevolod Lobov. In his opinion, the reason for the introduction of banknotes of similar denominations is the high inflation of the last 2 years, which significantly reduced purchasing power current banknotes. "If inflation remained at the level of 7-8%, then the question of the need for money of new denominations central bank I would have wondered in a few years,” added Vsevolod Lobov.

"The introduction of new banknotes of 200 and 2 thousand rubles is advisable, since it meets the task of simplifying payments for goods and services - a significant part of cash payments in Russia is in the range between 100 and 500 rubles, as well as between 1 thousand and 5 thousand rubles,” says Vadim Isakov, territorial director of ““.

Banknotes in denominations of 200 and 2000 rubles will be able to partially simplify cash settlements Russians, however, there is no tangible need for the issue, since Russia is smoothly switching to non-cash card payments, and in this sense, the issue of banknotes of a new denomination for the Bank of Russia is a step back, at the same time, senior analyst Anna Bodrova believes. “In addition, despite the Central Bank’s assurances that the issue of banknotes will not affect the volume of money supply, the risks of its expansion still remain. This could accelerate inflation and weaken the position of the ruble,” she fears.

Earlier, Elvira Nabiullina said that the issue of banknotes denominations of 200 and 2 thousand rubles will be economically justified when inflation is 4-6%. When the Central Bank raised the key rate to 10.5% on June 10, it simultaneously made its inflation forecast more optimistic; according to it, annual inflation in Russia will be 5-6% at the end of 2016, in May 2017 it will be less than 5% and will reach the target level of 4% at the end of 2017.

Fighting characters

Banknotes of 2 thousand rubles will be issued in Russia for the first time in history countries. Banknotes with this denomination are in wide circulation in Kazakhstan (tenge), Czech Republic (koruna), Hungary (forint), Serbia (dinar) and other countries. And banknotes in denominations of 200 rubles have already been issued in Russia: they were first issued by the State Bank of the USSR in 1991 in connection with rising inflation rates in the country (it featured a portrait of Lenin and an image of the Palace of Congresses and the Trinity Tower of the Moscow Kremlin), and in 1993 200 ruble banknotes of the State Bank of the USSR were reissued with the image of the Senate Tower of the Moscow Kremlin and the Senate dome with the fluttering Russian tricolor.

The design of new banknotes in denominations of 200 and 2 thousand rubles has not yet been approved. For the first time in new story The Russian Central Bank will conduct a campaign by choosing the symbols that will be depicted on banknotes. Voting will take place on the portal "Your-Russia.rf", which the Central Bank created specifically for this, and at the same time offline, using questionnaires. The symbols will be chosen as a result of a three-stage selection, the final voting will take place in September this year, and the winner is planned to be announced on October 7.

"According to tradition, modern banknotes Russia views of cities and iconic objects are used. It will be so this time too. Two banknotes - two cities, four symbols that personify Russia: its history and culture, technical achievements, natural resources," says the competition website. The votes will be counted by the Public Opinion Foundation.

According to Elvira Nabiullina, the Central Bank has already received applications from 74 Russian cities and towns. The full list of applications has not been published on the portal; the head of the Central Bank has not announced it, but the map of the portal shows cities that have already received more than 5 thousand votes. In the North-West there are only three cities so far - St. Petersburg, Arkhangelsk, Novgorod. In particular, it was proposed to depict the sculpture “Virgin-Neva”, the Peter and Paul Fortress, the Spit of Vasilievsky Island (the Rostral Column and the Exchange building) on ​​the new Russian banknotes. But the website states that St. Petersburg, Arkhangelsk and Novgorod do not participate in the competition, since they are already depicted on Russian banknotes.

Earlier it became known that the Ministry of Caucasus supported the idea of ​​​​the image on banknotes of the Chechen Grozny and Dagestan Derbent. The governor of the Kemerovo region, Aman Tuleyev, proposed depicting Sheregesh on the new Russian banknote. Also among the applications is the sculpture “The Motherland is Calling!” in Volgograd, the monument "Millennium of Russia" in Novgorod, the Novosibirsk State Academic Opera and Ballet Theater, the Koenigsberg Cathedral on Kant Island in Kaliningrad, the Ipatiev Monastery in Kostroma, etc.

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