The Central Bank of Russia intends to increase the issue of investment coins of silver and gold by 1.5 times in 2023. Last year their circulation was 905 thousand pieces, this year – up to 1.45 million pieces .

The Central Bank will increase the issuance of investment coins of silver and gold by 1.5 times

The regulator will issue six types of investment coins: “Golden Chervonets” and “George the Victorious” of various denominations. The banks confirmed that there is interest in this savings instrument, Izvestia learned.

According to the publication, the prices of the coins start at 2.9 thousand rubles and go up to 194 thousand each.

The depreciation of the ruble and the inability to open deposits in dollars and euros makes investment gold a more attractive asset for the population, said Vladimir Chernov, an analyst at Freedom Finance Global.

  • In January 2023, the Central Bank revealed a money laundering scheme using coins. The mechanism begins with the transfer of funds to a fictitious company that buys investment coins and ends with their delivery to the bank in exchange for cash. You can combat this scheme with the help of mandatory checks of coin buyers and sellers by banks.

Author:

karina pardaeva

Source: RB

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