Modern Russian money: coins and banknotes

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Russian money received its modern look in 1997, when the financial reform was carried out. Although significant changes were not made to the external design of banknotes, nevertheless, some innovations were introduced. For example, 3 zeros were removed from the bill number.

Russian money: bills

The smallest banknote in Russia today is a ten-rouble note. The banknote is dedicated to the city of Krasnoyarsk. On it you can see R. Yenisei and a small Orthodox chapel.

The next in value is fifty rubles. It depicts St. Petersburg, namely a part of the city with a view of the Peter and Paul Fortress and the building where the stock exchange used to be located. Then comes the banknote of 100 rubles. It flaunts the capital of the Russian Federation - Moscow.

Russian money has banknotes of larger denominations: 500 rubles, 1,000 and 5,000. The city to which the five-hundred-ruble banknote is dedicated is Arkhangelsk. On the thousandth, the glorious city of Yaroslavl is depicted, and the largest paper bill in Russia is the five thousandth. It is dedicated to the city of Khabarovsk.

Russian money: coins

When did the usual coins appear? Russian money in the form of coins acquired its modern look in 1998. The design of the coins is generally very similar, in contrastfrom paper money. On the obverse of the coins, the denomination is depicted, and on the reverse - the coat of arms of the Russian Federation and the year of issue.

However, in addition to standardized coins, which are stamped at mints in huge numbers, there are commemorative or commemorative coins that have a special design and fewer copies. Such coins are often dedicated to some significant event, date or person.

Russian money in the form of metal coins come in the following denominations: 10 and 50 kopecks, and then one, two, five and ten rubles. More recently, there were coins of one and five kopecks in use, but they went out of circulation due to uselessness.

Rare bills and coins

Most people evaluate Russian money in terms of the means by which one or another product can be paid for. According to this approach, the value of a bill or coin is equal to the face value written on it. However, there is a fairly large number of banknotes, whose value is much higher than indicated.

These include: commemorative coins and banknotes, banknotes with collection value or just rare banknotes. Their value depends on their rarity, exclusivity and safety. Many other factors also influence price determination, but there is no need to go into details in this article.

Among the most famous coins that are of interest to collectors-numismatists, one can distinguish commemorative ten-ruble coins, which are collected more often than others. Other coins are also commemorative, but these are issued muchless often, therefore they are of interest only to those who are seriously interested in numismatics.

An example of denominations of interest for collecting is the 100-ruble banknotes issued for the Winter Olympic Games in Sochi. These banknotes were issued in a very limited edition and almost instantly scattered, settling in the hands of collectors. Now it is not possible to find such a banknote in circulation.

Collectible coins and banknotes have a greater real value than the denomination indicated on them, so such money, falling into the hands of a knowledgeable person, will never be spent like ordinary money. People either keep them if they are fond of collecting rare money, or try to sell them to collectors at the most attractive price.

Conclusion

Everyone who lives in Russia knows what modern Russian money looks like. Photos of banknotes and coins can be seen in this article.

There are special catalogs of rare and commemorative money, where you can get complete information about a particular banknote, as well as look at photographs of this money. They can be easily found both in major bookstores and online stores, or you can download the electronic version of these publications in the public domain.

Russian banknotes - coins and paper banknotes are of interest to collectors not so much from Russia as from countries near and far abroad. Our compatriots from modern banknotes and coins collect mostly rareinstances.