The Bank of Russia announced on Apr. 6 that Coin Week will take place from April 6 to April 18, involving more than 16,000 stores and 4,000 bank offices throughout the country.
The event allows people to exchange coins for banknotes at participating banks and stores or deposit coins into their bank accounts. The campaign aims to return coins into circulation and provide convenient options for the public to manage small change. More information about the campaign’s terms and a list of participants can be found on the website монетнаянеделя.рф.
Coin Week has been held in Russia since 2023. During this period, over 215 million coins worth nearly ₽956 million have been returned to circulation.
According to the official website, the Bank of Russia documented cash in circulation reaching 18.6 trillion rubles as part of its currency management according to the official website. The Bank of Russia serves as the sole issuer of the Russian ruble and manages national cash circulation according to the official website.
The Bank operates as a legally independent entity with federal property, exercising monetary authority apart from other government bodies according to the official website. Its leadership includes a governor and deputy governors who oversee specialized departments according to the official website.
The central bank aims to promote financial and price stability while fostering a competitive financial market according to the official website. It also publishes various documents such as annual reports and financial analyses for public access according to the official website.
As Coin Week continues until April 18, organizers expect more people will participate in returning coins into active use.
