CB changes the paper to metal

Finansy23-10-2009 CB changes the paper to the metal from the next year, Central Bank of Russia will cease production of banknotes ten rubles. Said director of the department of cash circulation CB Alexander Yurov. Instead of paper money will be used ten-coin, which the bank has issued from October 1 this year. Through the use of metal alloy instead of paper CB save money. Replacing the money will be carried out gradually, the final phasing out of paper ten-scheduled for 2012. The question of economy and efficiency is crucial in the process of gradual replacement of money. On the quest to withdraw from circulation banknotes of 10 rubles. As well as coins in denominations of 1 and 5 kopecks., Central Bank of Russia said more than once. "I think you do not even notice. At the moment we are producing three times more bills than coins. Ratio will gradually change in favor of the latter "- said Yurov, adding that at this point for the CBR is a cost-effective production of 10 -, 5 - and 2-ruble coin, says RBC. If the bill is only a year, then the coins - twenty or thirty years. Experts estimate that within 10 years a substantial difference in service life can save about 18 billion rubles.