The future of paper bills in Russia is predicted

First Minister of Economy Nechaev: Paper money in Russia will not be taken out of circulation soon ru predicted the possible future of paper banknotes in the country.

According to the ex-minister, despite the fact that Russians use paper banknotes less often when paying for goods and services amid the widespread use of electronic money and the introduction of new technologies, they will not be withdrawn from circulation soon. ‚ÄúThere are some calculations directly between people. There is quite a micro-business that finds it expensive to have terminals and be connected to the payment system, “Nechaev explained.

Speaking about cryptocurrencies and electronic money, he admitted that they will not be able to displace paper money from the usual circulation of people. but they can become a vehicle for investment or be used for criminal purposes.

Earlier, economist Leonid Khazanov predicted that it would hardly be possible to abandon metallic money in the next five years, since there are still many remote settlements in Russia where there are no ATMs and shops do not use online payments. He stressed that if the coins are quickly withdrawn from circulation, then the villagers may have difficulties in paying for goods.

In August, the head of the State Duma Committee on Economic Policy, Industry, Innovative Development and Entrepreneurship, Candidate of Economic Sciences Sergei Zhigarev stated that Russia should abandon metallic money, since their production is more expensive than par. In his opinion, today it is costly and expensive for the state to make metal money.



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