The E-Sylum:  Volume 8, Number 35, August 14, 2005, Article 20

NEW RUSSIAN 5,000 RUBLE NOTE

A Russian news site announced that "The Central Bank of
Russia has officially announced that a 5000-ruble banknote
will be produced in 2006. This is not surprising, since the
most used banknote in Russia in recent months has been the
1000-ruble note. Statistics show that the issue of a larger-
denomination banknote is directly related to the rapid growth
of the money mass and inflation. The 1000-ruble note was
introduced at the beginning of 2001. In the course of that year,
it rose from 1 percent of all banknotes in use to 3 percent,
reaching 7 percent the next year and 25 percent at present."

"The largest Russian banknote will now be worth more than
the largest in the United States and Great Britain."

To read the full story, see: Full Story

  Wayne Homren, Editor

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