The issuance of cash and the arrangement of its circulation are the first functions of central banks. In accordance with Article 75 of the Constitution of the Russian Federation, the monetary unit of the Russian Federation is the ruble, and money is issued exclusively by the Central Bank of the Russian Federation.
Cash — banknotes and coins — has the functions of currency and means of payment.
Pursuant to Article 75 of the Constitution of the Russian Federation, the Russian currency unit is the ruble. The Bank of Russia is the sole issuer of currency. The introduction and issue of another currency are prohibited in the Russian Federation.
as of 1 January 2024
Despite the rapid growth of cashless payments, cash money, i.e., banknotes and coins, remains an important part of the financial system and an important part of national identity and culture.
The Bank of Russia issues commemorative coins dedicated to significant dates, to Russian scientists, artists and cultural figures, to Russian regions, and to many other subjects.
New Commemorative Coins
More than 61% of the participants in the public discussion held on the website of the Central Bank of the Russian Federation supported this symbol.