Almost 80% of the population consider it necessary to withdraw cash from circulation coins denomination of less than the ruble. Only one in seven Russians faithful to penny. Does this mean that the smallest domestic banknotes sentenced? Not a fact. Talk about the withdrawal of the penny coins have been going for a year, but the Central Bank no decisions on this account does not accept. Moreover, lately there were rumors (though officially refuted) about the possible denomination of the ruble – “a strikeout” two zeros on the bills. If she still held, the penny will again condemn the grandeur, and the dollar, as in Soviet times, will give 60-70 cents.
the study showed the Bank’s “Discovery” 42% of Russians believe that the country is quite possible to withdraw from circulation coins of 1 and 5 cents, because the calculations are 10 and 50 cents. Another 37% are not opposed to a full withdrawal of all available detail.
However, 15% of respondents strongly oppose the farewell to the penny coins. Curious about their reasons: more than a third named penny a historic national symbol of the country, and a quarter reported that it was necessary for purchases in shops and public transport. Every fifth believes that the penny helps to teach a child to save money, and one in ten is confident that its use allows to save.
meanwhile it is known that not all outlets and even banks accept penny coin. Which, incidentally, was confirmed by the Farrow. Coin of one penny in the last year was paying only 13%, and this year — two times less. Over 60% of Russians have not used a penny several years, and 18% did found it difficult to recall when the last time they paid a small coin.
meanwhile, the Bank of Russia stress that the presence in circulation of coins below the ruble is necessary, as the cost of goods and services, including socially important, we have the law in rubles and kopecks. Coins of 1, 5, 10 and 50 cents is required for admission for all types of payments, says the Bank.
At the same time last year it became known that the Central Bank stopped minting coins below the ruble, as the explanations of the controller, those that have (their total volume is estimated at 6,6 billion rubles), “sufficient to provide cash payments”.
“In preserving the cash circulation of coins in denominations of 1 and 5 cents no economic sense. They haven’t minted, and in recent years practically out of circulation,” says investment strategist “BKS the Prime Minister” Alexander Bakhtin. The expert drew attention to the fact that the minting of small coins has always been an expensive pleasure: the production of 1 – and 5-penny coins have cost the Treasury considerably more expensive than face value.
it Means all the above facts, what wasn of things in Russia is not far off? Not at all. Speaking on 13 July at the Federation Council, the head of the Central Bank Elvira Nabiullina noted that any monetary reform in Russia is not planned.
meanwhile, in recent days in the financial community actively discusses the idea of denomination of the ruble: “strikethrough” two zeros on banknotes. The author of the idea, the head of IAC “Alpari” Alexander Razuvaev motivates his proposal ever-growing base of cash in the country.
“a Ratio of one to one hundred denomination is obvious. In this case, a bottle of water will cost 30-70 cents, subway fare is 50 cents, and the apartment will no longer be worth millions. And the dollar will give 60-70 cents” – says the analyst.
Recall that the last time the denomination of the ruble was held in Russia at the turn of 1997-98: then on the bills “crossed out” three zero. What will the nomination, if carried out in the current environment? “The calculations are easier. Will return the respect to the Russian ruble and the kopek, coins will not be squeamish to leave at the checkout. It is time to implement the country’s policy of a strong ruble,” – says Razuvaev.
However, the idea has plenty of critics who consider the currency reform against the background of current coronaries, very late idea. And most importantly, the Central Bank as Nabiullina said in the Federation Council, no denomination, no plans. But Razuvaev this position the regulator does not bother. “If a denomination is implemented, before the official announcement the decision will be kept secret,” he explained “MK”.
