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54m ago

Bank of Russia Board Approves Concept for New 1,000-Ruble Note as 500-Ruble Symbols Head to Public Vote

The redesign follows a 2023 pause over imagery concerns, with the central bank pledging to reflect citizen preferences through online voting.

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Overview

  • Governor Elvira Nabiullina announced the decisions at an open meeting of the Bank of Russia’s Advisory Council on Banknotes.
  • Designers from the central bank and Goznak are developing sketches for the updated 1,000‑ruble banknote, with a presentation in preparation.
  • The board’s approval covers the conceptual design phase of the 1,000‑ruble note, and no release date was disclosed.
  • For the new 500‑ruble banknote, experts shortlisted six symbols of Pyatigorsk and 16 symbols from across the North Caucasus Federal District for an online vote.
  • Regional working groups first compiled recognizable local symbols, and the regulator says it will factor in online voting results and citizen preferences.