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Bank of Russia Launches Nationwide 'Coin Week' Through Oct. 4

The drive aims to recirculate idle change to lower cash-handling costs.

Overview

  • Residents can exchange accumulated coins for banknotes or deposit the amount to their accounts from Sept. 22 to Oct. 4.
  • About 15,000 retail points and 4,000 bank branches in roughly 3,000 localities are participating.
  • Exchanges are available at listed banks and stores, with addresses and conditions posted on monetnayanedelya.rf.
  • The central bank says April’s round returned more than 51 million coins totaling 242 million rubles to circulation.
  • Deputy governor Sergey Belyov says recirculating coins lets banks and retailers cut transport and collection costs and reduces the need to mint new coins.