The Central Bank of Russia has announced the launch of Money Week across the country, signaling a coordinated effort to simplify everyday cash management and make coin handling easier for households and businesses alike. The official notice appeared on the bank’s Telegram channels run by regional departments, underscoring the nationwide reach of the initiative and inviting citizens to participate in a coordinated effort to normalize the use of cash in daily life. Money Week is framed as a practical event aimed at improving convenience for people who accumulate coins and want to convert them into banknotes, while also encouraging smooth interactions with financial institutions during a period of heightened cash activity. Official sources emphasize that this is a public service activity designed to streamline routine financial transactions and support currency circulation without disrupting normal banking operations.
From October 7 through October 20, the program mobilizes an extensive network to support coin exchange. Approximately 4,000 branches spanning 159 banks and more than 3,500 retail outlets will participate in exchanging coins for banknotes, making the service widely accessible across urban centers, towns, and rural communities alike. In addition to the coin-for-note exchanges, the campaign offers another practical option: coins can be deposited into a bank account without any commission, a feature designed to provide a cost-free pathway to convert physical cash into digital or deposit-based balances. This two-pronged approach—direct exchange for notes and commission-free coin deposits—addresses diverse needs, from quick exchanges at a teller to more deliberate, long-term cash management through account deposits. The arrangement is intended to reduce the friction often associated with coin handling and to support a smoother cash cycle for individuals and small businesses.
Updates will continue to flow as the bank confirms participating locations, schedules, and any evolving details. Citizens are advised to monitor official channels for the latest information, including the full list of branches taking part and any changes to processing times. The initiative represents a broader push to facilitate everyday financial activities while ensuring public access to essential services during Money Week. As new details emerge, the Central Bank of Russia will publish changes and clarifications through its standard communications channels to keep the public informed about where and how coin exchanges and deposits can be completed.”