A Cherepovets Family Turns 16 Years of Saving into Cash: Coins, Banknotes, and Budget Facts

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A Russian family from Cherepovets has gathered 166 kg in coins over 16 years, according to a report from the Baza Telegram channel. The plan was to convert their savings into cash.

Bank staff spent 4.5 hours counting the money, ultimately totaling 151,467 rubles.

Igor’s parents began coin collecting when their daughter was two. On that birthday, the father gave her a piggy bank and promised to smash it when she turned 16, the age of adulthood. Over the years, the family filled 23 piggy banks. The collection was broken open when the daughter turned 18, and the accumulated value was calculated.

Inside the piggy banks there were around 40,000 coins of various denominations, along with 2,400 rubles in paper bills. After the counting, the savings were transferred to the daughter’s bank account by the bank staff.

As of July 1 this year, the Central Bank of Russia reported 7.7 billion banknotes and 71 billion coins in circulation, totaling 17.9 trillion rubles. Compared with the same date last year, banknotes rose by 15%, coins by 0.6%, and the overall money supply by 28%. Notably, five thousand banknotes are currently in circulation, making up 39% of the total banknote volume, while 10 kopeck coins lead among coins with about 35% of the total supply.

Earlier, the Central Bank dispelled common myths about the new banknotes in a publication for social media readers.

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