Description of Bank of Russia banknotes
Signs of solvency
Individuals can apply with damaged bank notes of the Bank of Russia to credit institutions (banks) that provide cash services to individuals.
If the cashier of the credit organization has no doubts about the solvency of the presented damaged banknote then the exchange is carried out immediately.
The amount of exchange can be issued to an individual in cash or credited to his/her account.
In a situation where it is not possible to reach an opinion on the solvency of a banknote without an examination at the Bank of Russia (for example, in some cases of presenting colored banknotes), a credit institution sends a banknote for examination to an institution of the Bank of Russia at the request of an individual. Upon completion of the examination, the amount of banknotes recognized as solvent is paid to an individual through the cash desk of the credit institution or credited to his/her account.
Exchange of damaged bank notes of the Bank of Russia (including their referral for examination to the Bank of Russia and receipt of the results of the examination) is free of charge. The amount of exchangeable currency is not limited.
Signs of shabby banknotes of the Bank of Russia
Bank of Russia banknotes containing damage, the list of which is set in the appendix to the Bank of Russia Ordinance No. 2405 of 27.02.2010 “On Amendments to the Bank of Russia Regulation No. 318-P dated April 24, 2008“ On Cash Transactions and Rules of Storage and collection of banknotes and coins of the Bank of Russia in credit institutions in the Russian Federation ”, registered by the Ministry of Justice of the Russian Federation on 23.03.2010 No. 16687, credit organizations and their internal structural divisions do not issue banknotes containing damage to customers and deliver it to the institutions of the Bank of Russia.
We bring to your attention the information “On the introduction into circulation of new banknotes in denominations of 200 and 2000 rubles”
We bring to your attention the Order of the Bank of Russia of 03.02.2015 N 3558-U
“On Amendment to the Ordinance of the Bank of Russia of March 11, 2014 No. 3210-U“ On the Procedure for Conducting Cash Operations by Legal Entities and the Simplified Procedure for Conducting Cash Operations by Individual Entrepreneurs and Small Businesses ”
Appendix №1 is attached.
Please be informed:
ORDER OF THE MINISTRY OF FINANCE OF THE RUSSIAN FEDERATION of October 30, 2014 N 126n.
From January 1, 2015, the requirements for specifying information in orders to pay taxes, fees, customs and other obligatory payments are changed.
“On Amendments to Appendices N 1, 2, 3 and 4 to the Order of the Ministry of Finance of the Russian Federation of November 12, 2013 N 107n“ On Approval of the Rules for Specifying Information in the Details of Orders for Transferring Funds in Payment of Payments to the Budget System of the Russian Federation ”
Registered in the Ministry of Justice of Russia 02.12.2014 N 35053.
We would like to inform you about the LETTER OF THE MINISTRY OF FINANCE OF THE RUSSIAN FEDERATION dated August 25, 2014 N 03-11-11 / 42288:
The Department of tax and customs tariff policy considered an appeal on the legality of the transfer by the organization that applies the simplified taxation system to the staff of accountable amounts on their personal bank cards and reports the following.
Circulation of bank cards in the Russian Federation is governed by the Regulation on the Issue of Bank Cards and on Transactions Performed with the Use of Payment Cards, approved by the Bank of Russia of 24.12.2004 No. 266-P.
According to this Provision, an individual is entitled to carry out transactions in the currency of the Russian Federation on the bank account of an individual using a bank card for which the legislation of the Russian Federation does not establish a ban (restriction) on their performance.
The Ministry of Finance of the Russian Federation and the Federal Treasury in order to minimize cash circulation, and also taking into account the inappropriateness of issuing cards to each employee sent on a business trip, and the specifics of expenses related to compensation of documented expenses to employees, consider it possible to transfer funds to bank accounts individuals – employees of organizations in order to implement them using the cards of individuals issued in the framework of “payroll” projects, travel expenses and compensation to employees documented expenses (letter of the Ministry of Finance of Russia N 02-03-10 / 37209 and the Federal Treasury N 42-7.4-05 / 5.2-554 from 10.09.2013).
Taking into account the provisions of Article 8 of the Federal Law of 06.12.2011 N 402-FL “On Accounting”, when transferring funds to personal bank cards of employees to pay for household needs (goods, materials), the regulatory act defining the accounting policy of the organization should provide for determining the procedure for settlements with accountable persons.
In addition, the payment order should indicate that the funds transferred are accountable while the organization needs to receive from the employee a written statement about transferring the accountable amounts to his/her personal bank card indicating the details, and the employee must submit documents confirming payment by a bank card .
At the same time, it is reported that this letter of the Department does not contain legal norms, does not concretize normative prescriptions, and is not a normative legal act. Written explanations of the Ministry of Finance of Russia on the application of the legislation of the Russian Federation on taxes and fees have an informational and explanatory nature and do not prevent taxpayers from being guided by the norms of the legislation of the Russian Federation on taxes and fees in an understanding different from the interpretation given in this letter.
Deputy Director of the Department of Tax and Customs Tariff Policy R.A. SAHAKYAN
Please be advised of Bank of Russia Ordinance March 11, 2014 N 3210-U
ABOUT THE ORDER OF MAINTENANCE OF CASH OPERATIONS BY LEGAL PERSONS AND SIMPLIFIED ORDER OF MANAGING CASH OPERATIONS BY INDIVIDUAL ENTREPRENEURS AND SUBJECTS OF SMALL ENTREPRENEURSHIP
Please be informed
About cash payments
On approval of the graphic symbol of the ruble symbol
On 11 December 2013, the Bank of Russia approved the graphic designation of the ruble (the ruble symbol) in the form of a capital letter “P” of the Cyrillic alphabet, supplemented by a horizontal line in the bottom part. The approval of the ruble symbol is one of the functions of the Bank of Russia in accordance with article 4 of the Federal Law “On the Central Bank of the Russian Federation (Bank of Russia)”. For the ruble symbol approved by the Bank of Russia earlier more than 61% of the participants in the public discussion, held from November 5 to December 5, 2013, on the website of the Central Bank of the Russian Federation.
Graphic symbol of the ruble in the form of a sign is a capital letter “P” of the Cyrillic alphabet, supplemented at the bottom with a horizontal line, giving the impression of the presence of two parallel lines which symbolizes the stable position of the Russian ruble.
On the banknotes of the Bank of Russia is placed its official emblem – the image of a double-headed eagle and the inscription in a semicircle “BANK OF RUSSIA”. In 1992, in the absence of state symbols of the Russian Federation, this emblem was placed on the obverse of new types of coins, which were approved by the Decree of the Presidium of the Supreme Soviet of the Russian Federation No. 3352-1 of July 17, 1992 “On coins of the new type issued for circulation”. Since 1995, this emblem has been placed on the bills of the Bank of Russia.
In 2001, the emblem of the Bank of Russia in accordance with the established procedure was entered into the State Heraldic Register of the Russian Federation under No. 687.
The image of an eagle on the emblem of the Bank of Russia is slightly different from the image of an eagle, executed in 1917 by artist I.YA. Bilibin. for the state symbol of the Provisional Government of Russia.
The use by the Bank of Russia of its emblem for processing banknotes does not contradict the legislation of the Russian Federation. Art. 7 of the Federal Constitutional Law No. 2-FKZ of 25.12.2000 “On the State Emblem of the Russian Federation” establishes that the State Emblem of the Russian Federation can be placed on banknotes, that is, the emblem on banknotes is not mandatory.
In accordance with the aforementioned norm of the law, the Bank of Russia placed an image of the State Emblem of the Russian Federation on the obverse of commemorative coins dedicated to the XXII Olympic Winter Games and the XI Paralympic Winter Games of 2014 in Sochi.
Why in the design of change coins (denominations of 1, 5, 10, 50 pennies the image of St. George the Victorious is used? The coins of these denominations are not of great value, and the population often treats them with disdain, which leads to the fact that the image of the saint is under the feet of citizens.
In the design of change coins of the Bank of Russia of the sample of 1997, the image of St. George the Victorious is used as a stylized heraldic sign.
Starting from the XIII century, in Russia and in neighboring states, the image of St. George the Victorious is used as elements of state symbols – on princely seals, standards, and coat of arms. His image was an element of the state emblem of the Russian Empire, it is also present on the state emblem of the Russian Federation.
The rider with a spear is depicted on the coins from the 16th century, when the first Russian national coins (penny, denga, polushka) were put into circulation by the monetary reform of Elena Glinsky. It is believed that such a symbol could be taken from Novgorod where the cult of St. George by the time usually depicted on horseback.
In continuation of the tradition, the stylized image of St. George the Victorious became the main element of the obverse design of the change coins of the Bank of Russia of the 1997 sample in denominations of 1, 5, 10 and 50 kopecks.
Why banknotes are not issued in denominations of 20 (25) rubles, 200 (250) rubles, 2000 (2500) rubles, and denominations of more than 5000 rubles?
In accordance with the Federal Law of July 10, 2002 No. 86-FL “On the Central Bank of the Russian Federation (Bank of Russia)”, the Central Bank of the Russian Federation provides for the circulation of money with banknotes of various denominations.
The decision on the nominal value of banknotes issued in circulation is made on the basis of the general economic situation in the country, cash flow requirements, average wages, inflation rate, and the ratio between payments made in cash and non-cash.
World practice shows that when filling a banknote and coin line with the corresponding denominations in money circulation, two options are used for the nominal series of banknotes and coins: ordinary (1, 2 (2.5), 5, etc.) and a shortened series (with denominations of 1 , 5, 10, etc.) The first type of nominal series is usually used in countries with low inflation rates (less than 4–6%). At higher rates of inflation, a shortened type of nominal series is used.
Currently, within the framework of the existing banknote and coin series, the issue of banknotes in denominations of 20 (25), 200 (250), 2000 (2500), 10,000 rubles and more is unjustified.
Why the Bank of Russia does not issue banknotes, partially containing precious metals or made entirely from them, for use in cash calculations?
Banknotes made in whole or in part from precious metals can play the role of real means of payment only at constant prices for precious metals, when both price characteristics of a banknote (its fixed denomination and its “metal value”) are equivalent and remain constant values. Nowadays it is impossible to ensure the stability of this ratio, since the denomination of the banknote remains fixed, and its “metal value” constantly and unpredictably changes under the influence of the floating prices of the world market for precious metals. In our country, this economic reality is legally reflected in article 28 of the Federal Law of the Russian Federation “On the Central Bank of the Russian Federation (Bank of Russia)”,
The proposal to use silver and gold “coins” in which the ruble denominations are not indicated, by taking into account the current market value of the precious metal enclosed in the coin, cannot be considered as part of the monetary system. Methods of barter transactions using this kind of “coins” refers to the classic patterns of commodity barter.
Why refuse to accept coins of small denomination?
Coins of the Bank of Russia in denominations of 1 kopeika and 5 kopeek are legal means of cash payment on the territory of the Russian Federation and must be received at face value in all types of payments without any restrictions.
Do credit institutions have the right to refuse a client to exchange cash?
In accordance with Bank of Russia Regulation No. 318-P dated 24.04.2008, “On the Procedure for Conducting Cash Operations and the Rules for Storing, Transporting and Collecting Bank of Russia Banknotes and Coins at Credit Institutions in the Russian Federation”, credit organizations may conduct cash transactions with customers , issue, exchange, exchange of cash, including receiving cash from individuals for crediting to a bank account or an account for a deposit of an individual as well as for carrying out a money transfer operation on behalf of a physical persons without opening a bank account in a credit institution, including for the payment of utility, tax and other payments.
The list of cash transactions is determined by the credit institution and approved in the administrative document of the credit institution. If a credit institution does not perform a cash change transaction, an individual may apply to another credit institution for the mentioned transaction.
Is the refusal to accept the Bank of Russia coin by trade and service organizations when accepting cash from individuals for goods sold or services rendered is legitimate?
According to Article 140 of the Civil Code of the Russian Federation, the ruble is a legal tender obligatory for acceptance at face value throughout the entire territory of the Russian Federation.
In accordance with Articles 29 and 30 of the Federal Law of 10.07.2002, No. 86-FL “On the Central Bank of the Russian Federation (Bank of Russia)” banknotes and coins of the Bank of Russia are the only legal means of cash payment in the territory of the Russian Federation, must be received at face value when making all types of payments, for crediting to accounts, deposits and for transfer throughout the territory of the Russian Federation.
In accordance with the Federal Law of 10.07.2002, No. 86-FL “On the Central Bank of the Russian Federation (Bank of Russia)”, the Bank of Russia supervises the activities of credit institutions and banking groups.
In accordance with the Regulation on the Federal Service for Supervision of Consumer Rights Protection and Human Welfare, approved by the Government of the Russian Federation of 30.06.2004 No. 322, supervision and control over the implementation of the mandatory requirements of the legislation of the Russian Federation in the field of consumer protection and in the consumer market is carried out The Federal Service for Supervision of Consumer Rights Protection and Human Welfare (Rospotrebnadzor), which is the federal executive body that performs the functions of the development and implementation of state policy and legal regulation in the field of consumer protection.
Where and how can I exchange damaged Bank of Russia banknotes?
In accordance with Bank of Russia Ordinance No. 1778-U dated December 26, 2006 “On Signs of Solvency and Bank of Russia Banknote and Coin Exchange Rules,” as amended, Bank of Russia banknotes are exchanged, having the legal force of cash in the Russian Federation, not containing signs of a fake, but having damage of the following nature:
- those that have lost a significant fragment, but retained at least 55 percent of the original area (including burnt, exposed to corrosive media, charred and decayed);
- glued together from fragments (without taking into account the number of fragments), if one fragment or several fragments, unconditionally belonging to one banknote of the Bank of Russia, occupy at least 55 percent of the original area of the Bank of Russia banknote;
- composed of two fragments belonging to different banknotes of the Bank of Russia of the same nominal value, if each fragment differs from the next one in graphic design and occupies at least 50 percent of the original banknote area of the Bank of Russia;
- changed color and luminescence in ultraviolet rays, if images are clearly visible on them (with the exception of Bank of Russia banknotes painted with coloring substances intended to prevent the Bank of Russia banknotes from being stolen during transportation and storage);
- having a defect of manufacturers.
Lending institutions servicing individuals make an exchange by issuing to an individual an equivalent (exchanged) amount of unaffected Bank of Russia banknotes or by crediting it to a bank account opened to a legal entity or individual in a credit organization (directly after accepting Bank of Russia banknotes or Bank of Russia banknotes for examination by the Bank of Russia and their exchange by the Bank of Russia).
Are trade enterprises authorized to refuse citizens to accept Bank of Russia banknotes that have minor damage?
In accordance with Article 34 of the Federal Law of July 10, 2002 No. 86-FL “On the Central Bank of the Russian Federation (Bank of Russia)” the Bank of Russia for the purpose of organizing cash circulation in the Russian Federation by the Bank of Russia Ordinance No. 1778 2006 of December 26, 2006 The “On Signs of Solvency and Rules for the Exchange of Banknotes and Coins of the Bank of Russia” (hereinafter referred to as Bank of Russia Ordinance No. 1778-U) establishes the signs of solvency of banknotes and coins of the Bank of Russia.
Bank of Russia banknotes indicated in clause 1 of the Directive of the Bank of Russia No. 1778-U are required to be accepted into all types of payments in the territory of the Russian Federation by all enterprises, organizations and institutions, regardless of the form of ownership and sphere of activity.
Bank of Russia Ordinance No. 1778-U is posted on the official website of the Bank of Russia on the Internet, www.cbr.ru, in the section Banknotes and Coins.