Economist suggests three options for images for the Central Bank’s new commemorative banknote 06:47

The new commemorative banknote of the Central Bank should depict major cultural objects – for example, St. Basil’s Cathedral, the Hermitage, historical cities of the Golden Ring, cities of regions that became part of Russia during the Northern Military District. This opinion was expressed by Yuri Shedko, Doctor of Economic Sciences, Professor of the Department of State and Municipal Administration of the Financial University of the Government of the Russian Federation, in an interview with socialbites.ca.

“The second option is natural attractions: Baikal, Kamchatka, the Caucasus Mountains. The third option is to depict achievements in science and technology: portraits of outstanding Russian scientists and inventors such as Dmitry Mendeleev, Mikhail Lomonosov, or modern achievements in space, such as the ISS,” the economist noted.

In his opinion, the Gagarin theme needs to be particularly emphasized: the 100th anniversary of the birth of Yuri Gagarin (April 12, 1934 – April 12, 2034). Shedko proposed to place on the front a portrait of cosmonaut Yuri Gagarin in a spacesuit, as well as a portrait of the Vostok-1 spacecraft at the moment of launch, symbolizing the first space travel in human history, and an image of a starry sky. Earth can be seen from space. According to the economist, on the back there may be a panorama of the starry sky, a quote from Yuri Gagarin’s speech after returning to Earth and elements of national ornaments, as well as a holographic image to protect against forgery.

According to Shedko, the value of the banknote should be at least 1 thousand rubles: smaller banknotes are less attractive to collectors, while very high ones may be impractical for mass printing and use. According to the economist, the increase in the value of the commemorative banknote depends on many factors such as circulation, uniqueness, preservation and interest from collectors. On average, you can expect such a banknote to add between 300% and 1000% to its face value after 10 years. Shedko explained that selling commemorative banknotes to collectors can be very profitable, especially if the banknote was issued in limited numbers and is in excellent condition (not used in circulation).

On June 5, the Bank of England signed a new agreement with King George III of Great Britain. He announced that banknotes with Charles’ portrait were put into circulation. The Central Bank of the Russian Federation regularly issues commemorative coins, and the issuer has only three commemorative banknotes so far: in honor of the 2014 Olympic Games in Sochi, the reunification of Crimea with Russia, and the 2018 FIFA World Cup held in Russia.

Previously reportedHe said Russians exchanged 87 tons of coins during “Money Week.”

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Source: Gazeta

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