Banking policy updates in Russia are poised to change the handling of cash as new rules take shape around banknotes and coins. An industry observer notes that these changes are designed to curb the circulation of damaged or questionable cash and to modernize the cash-handling process across the banking system.
Starting April 1, banks will no longer issue banknotes or coins that have suffered a decline in luminosity beyond six percent due to physical wear or damage. While these notes and coins can still be brought into banks for exchange or deposit, they will not be reissued to customers, effectively removing them from active circulation. The goal is to improve the overall quality of cash in circulation and reduce the risk of counterfeit or degraded currency moving through the system.
In a related measure, currency that experiences an eight percent drop in brightness caused by contamination or staining will not be handed over for circulation. This stricter standard builds on existing rules and reinforces the effort to maintain clean, easily verifiable cash that can be trusted by both businesses and individuals. The move is part of a broader strategy to protect consumers and financial institutions from problems tied to deteriorated money, which can complicate transactions and create confusion at points of sale or in banking channels.
Experts note that these steps are intended to prevent the use of dubious or worn-out notes and coins that might otherwise slip back into the economy. By tightening the criteria for what remains in circulation, banks can reduce the frequency of rejected cash during deposits and ensure a more consistent experience for customers. The policy aims to simplify cash handling, support automated cash-processing technologies, and minimize the need for manual verification of aesthetically damaged currency in everyday commerce.
Meanwhile, discussions at the central banking level have highlighted upcoming currency modernization projects. There is anticipation that updated 1000-ruble and 5000-ruble banknotes will be introduced in the summer, featuring enhanced security features and design updates. These developments reflect ongoing efforts to strengthen currency integrity, boost public confidence, and align banknote technology with evolving payment ecosystems. The modernization plan is part of a broader program to refresh the nation’s cash infrastructure while continuing to support a smooth transition for all users who rely on cash alongside digital payment methods.