Russia’s paper money and coin production plant, Goznak, does not plan
to introduce circulating “plastic” money into the Russian market.
Goznak General Director Arkady Trachuk revealed the decision in a June
24 interview with the Rossiyskaya Gazeta newspaper.
“In the near future, I think, we are not going to surprise you with
something radically new. We are not planning either a 3,000-ruble
note, or plastic money,” he said. “From the point of view of duration,
price and quality, paper money is usually more effective than plastic
money,” the official said.
However, he added, the situation may change over time.
Russia did issue a 100-ruble polymer note commemorating the nation’s
hosting of the XXII Olympic Winter Games in Sochi, Russia, in early 2014.
The face design depicts a snowboarder in mid-air with a view of the
Caucasus Mountains in the background.
The back depicts the Fisht Olympic Stadium, named after Mount Fisht
in the Western Caucasus Mountain range, and a stylized design of the
firebird of Russian folklore fame.
Goznak, one of the world’s largest producers of coins, bank notes,
postal stamps and awards, was founded in 1818 by order of Tsar
The company produces 5 billion coins, 7 million bank notes and up to
40 million passports annually, according to its website.
In addition to producing for Russia, Goznak has produced coins and
bank notes for countries across Latin America, Southeast Asia, Europe
and Africa, as well as for the former Soviet republics.