Add to favorite
 
123
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS
russian visa


New Rouble Symbol?
November 26, 2013 11:56


Photo Credit: http://www.cbr.ru

The Russian Central Bank has put the choice of the national currency symbol to vote.

The push for a branded image is part of the attempt by the Russian authorities to entice foreign capital and turn Moscow into a global financial center. You can cast the ballot for your favorite sign here.

This is not the first attempt, though. The history of the quest for the symbol started on July 1, 2007 and its milestones are available on the webpage of leading design company Art Lebedev.

According to it, a group of initiators including “Design Depo, Designet, Direct Design, Imadesign, Letterhead, Paratype, and Art. Lebedev Studio” decided to take the matter into their own hands because “either professional designers took the lead in finding the sign, or everyone would once again end up having to use something disturbingly lame.”

The graphic sign was presented to public on August 1, 2007.

“The new symbol has no author, and there are no limitations as to copying and modifying. Thesign was designed and selected according to objective criteria. It is not protected by intellectual property laws,” reads the statement.

According to Art Lebedev, “within the first three weeks, almost four hundred design companies throughout the country joined the campaign.”

The drive for a symbol comes at a time of disturbingly poor performance by the national economy.

Growth in Russia in 2012 fell to 3.4 percent from 4.3 percent a year earlier. Both the government and the IMF forecast a 1.5 percent GDP growth for 2013. In June 2013, Alexey Ulyukayev replaced Andrey Belousov as Economic Development Minister, but has so far failed to kick-start the economy.

According to the IMF, Russia’s prospects “have been dampened by a weak external environment, some acceleration of capital outflows and declining equity prices and subdued investment”.

Industrial output has been flat within the past ten months, and the privatization campaign announced earlier by the Medvedev cabinet has stalled amid a bleak economic outlook and reluctance of state corporations’ management to share their revenues and power with foreign players.




Author: Mikhail Vesely

Tags: Russian rouble Russian currency Russian economy   

Next Previous

You might also find interesting:

The Deficit In Federal Budget Of Russia May Drop Down In 2018 A New System Of Registration Of Alcoholic Beverages Will Be Introduced The Anti-crisis Plan Will Deprive Rosneft Of NWF Money Yo-mobile: Transfer Of Rights Mortgages Decline









Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

search on the map
TAGS:
VKontakte  Spacecrafts  Krasnoyarsk Economic Forum  Ermak  Arthouse  Cars  Russian exhibitions  Stockmann  Victory Park  Folk Arts  Pussy Riot  Battle for Sevastopol  Murmansk Museums  Plyos  Moscow Zoo  Tourist map  Russian sports  Map of Russian Science  Aliexpress  elections in Russia  penal labour  Vera Mukhina  Museums of Russia  Festivals in Moscow  Russian Cinema  Russian tourism  Krasnoyarsk  Mercedes-Benz Fashion Week Russia  Filigree  Exhibitions in Moscow  Russian Literature  train tickets Russia FIFA  Moscow Architecture  Domodedovo  Moscow  Moscow Public Transport  Russian universities  Chernogorsk  Alexander Borodin  travel to Russia  Russian business  Disneyland   Dolphins  New Medicines  St. Petersburg  Ufa  Sergey Mikhalkov  Russian regions  Krasnodar region  Yaroslavl  


Travel Blogs
Top Traveling Sites