Russian Central Bank to mint 5-kg coin, abolish 10-ruble notes

10:39, May 19, 2010      

Email | Print | Subscribe | Comments | Forum 

The Russian Central Bank will issue a 5-kg commemorative gold coin marking its 150th anniversary, said a bank official on Tuesday.

The Central Bank celebrates its anniversary on June 12 that coincides with the Russia's national holiday, said the RIA Novosti news agency.

A total of 50 coins may be minted, depending on demand, said the official, adding that the 50,000-ruble gold coin is made of 24- carat gold, the finest grade possible.

The reverse side of the coin bears the portraits of Tsar Alexander II, who founded the state bank in 1860, alongside with the bank's head officers Alexander Shtiglits and Eugene Lamansky.

However, the 5-kg coin would not break the world record held by a Canadian 100-kg one.

The Central Bank announced the same day that it will abolish the circulation of the 10-rouble paper notes in five to seven months, said the K2K news agency.

The bills will be gradually substituted with the coins of the same value. The whole process of note-to-coin substitution normally takes about a year.

The Central Bank has stopped printing the 10-ruble notes since the beginning of 2010.

Source: Xinhua

(Editor:张茜)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • The wax figure of actress Audrey Hepburn is seen at the Madame Tussauds Hong Kong in Hong Kong, south China, Sept. 27, 2011. The wax figure of Audrey Hepburn was unveiled in Hong Kong on Tuesday. (Xinhua/Chen Xiaowei)
  • Photo taken on Sept. 26, 2011 shows lighting illuminating the night sky in Guangzhou, capital of south China's Guangdong Province. The first Guangzhou International Lighting Festival kicked off here on Monday. (Xinhua/Shen Dunwen)
  • The graphic shows the schematic image of Chinese space station. (Xinhua/Lu Zhe)
  • The injured are wheeled to a hospital following a subway train collision in Shanghai, east China, Sept. 27, 2011. A subway train rear-ended another Tuesday afternoon in Shanghai.  Over 260 people injured in the accident were seen receiving treatment in hospitals as of 7:30 p.m. Tuesday, according to local authorities.(Xinhua/Liu Ying)
  • On Sept. 26, a resident passes by a flower terrace decorated for the coming National Day. (Xinhua/Hang Xingwei)
  • The photo, taken on Sept. 26, shows the SWAT team ready for the joint exercise. (Xinhua/Wangkai)
Hot Forum Discussion