The Central Bank of the Russian Federation issued the “George Victorious” gold investment coin with a face value of 50 rubles. In this respect reported press service of the regulator.
The coin is made of 999 gold and has a circulation of 150 thousand.
The new banknote features the embossed coat of arms of Russia on the obverse, and George the Victorious, spearing a snake on horseback, on the reverse.
“The issued coin is a legal instrument of cash payment on the territory of the Russian Federation and must be accepted at face value without restrictions for any type of payment,” said a press release from the Central Bank.
Andrey Oksenchuk, Head of the Banknote Investigation Department of the Main Branch of the Central Federal District of the Bank of Russia, at the end of July said socialbites.ca said that the appearance of five- and ten-ruble banknotes in circulation in Russia will not lead to the disappearance of coins. The expert explained that the calculations require accuracy, which is ensured by small values.
Previously at the Central Bank removed four myths about the new five and ten ruble banknotes.