Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

4Q 2015 Saw Lowest Number of Fake Money
8.02.2016 13:17
4Q 2015 Saw Lowest Number of Fake Money
Photo Credit: http://www.cbr.ru/

The last quarter of 2015 saw 16,536 counterfeit banknotes found circulating in the Russian banking system. This is 1,622 banknotes less than in 2015 Q3 (18,158), being the lowest number for the last year.

      “Traditionally, the 5,000-ruble banknotes take the lead with 11,188 counterfeit banknotes seized in Q4 alone (against 12,939 in Q3). The number of the 1,000-ruble counterfeit banknotes is 2-plus times less (4,361). Forged 10-ruble banknotes and coins are the last in the row with 1 and 3 pieces respectively detected in 2015 Q4 against 7 pieces in Q3. As for 5-ruble coins, 267 counterfeit coins were seized in Q4 and 142 in 2015,” says the press release on the regulator’s website.

      The Central Federal District has been traditionally the most popular place to issue counterfeit money. “In 2015 Q4, the Bank of Russia Main Branch for the Central Federal District detected 8,655 counterfeit banknotes. Northwest Russia is still running up with 2,893 cases of detected counterfeit banknotes,” according to the official statement.

      Overall, in 2015, almost 72,000 Bank of Russia counterfeit notes were successfully detected, taken out of the circulation and sent to the law enforcement agencies.

      Article 75 of the Constitution of the Russian Federation establishes a special legal status of the Bank of Russia, gives it the exclusive right to issue currency (Part 1) and protect the ruble and ensure its stability, which is the main function of the Bank of Russia (Part 2). The status, purposes, functions and powers of the Bank of Russia are also spelled out in Federal Law No. 86-FZ, dated July 10, 2002, ‘On the Central Bank of the Russian Federation (Bank of Russia)’, and other federal laws.

      According to Article 3 of the Federal Law ‘On the Central Bank of the Russian Federation (Bank of Russia)’, the goals of the Bank of Russia are to protect the ruble and ensure its stability, promote the development and strengthen the Russian banking system, ensure the stability and development of the national payment system, develop the financial market of the Russian Federation and ensure its stability.

       




Author: Mikhail Vesely

Tags:      

Next Previous


You might also find interesting:

The Share of Unprofitable Organizations Increased in Russia
22.04.2019
Tax Privilege for the IT Exporters
28.08.2018
The Crunchbase Platfrom will Publish Information about the Russian Venture Capital Market
12.07.2019
Russia Ranked 27th in the Annual Bloomberg Innovation Index
28.01.2019
Krasnaya Polyana Gaming Zone Earned Revenue of more than 4 Billion Roubles
22.08.2018







Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

search on the map
TAGS:
Radio  Siberian Fire  FIFA World Cup   Nina Genke-Meller  parks of Moscow  Festivals in Moscow  Must See Places  Russian Cinema  travel to Russia  Security Council  Russian stock market  Russia Travel Tips  Music Boxes  Sukhoi Superjet 100  HIV  space  CIS  society  Russian legislation  Film Distribution  Samara  Russian regions  Pushkin State Museum   Bruno Freindlich  Single Ticket  Russian business  Mountain Skiing  History of Russian Literature  Krasnodar region  Novosibirsk  Photography  Altai  Yakutia  accident  St. Petersburg  Russian souvenirs  Kurganinsk  Vladimir Solovyov  Russian science  Exhibitions in Moscow Region  Moscow  Gelendzhik  Mercedes-Benz Fashion Week Russia  Russian cuisine  Russian tourism  Mumiy Troll  Graffiti  corruption  Exhibitions in Moscow  Powerhouse Museum 


Travel Blogs
Top Traveling Sites