Central Banking

Modified notes agreed by Russian central bank

The Board of Directors of the Russian Central Bank has given the OK to the introduction of modified 10-, 50-, 100-, 500- and 1000-ruble notes of the Central Bank of Russia that had been in circulation since 1997, the bank's PR department told RBC. The newly modified notes will maintain the style of old notes.

The main aim of this action is to improve the protection scheme of Russian notes, which will make it more difficult to issue counterfeit bank notes. The modified bank notes will be in cir