In Russia, there is a tendency to abandon cash.

In his opinion, Russians will continue to refuse cash, especially coins. However, the main role in this process, the banker said, is played by the regulatory authorities, which are “doing everything now to reduce the volume” of metallic money and remove it from circulation. He explained that the production of small coins is more expensive than their face value and penny coins have actually gone out of circulation, but ruble coins will remain in wallets for now.

As for the ten-ruble coins, Tosunyan presented several scenarios. “Ten rubles is actually 10 cents. They will not be completely out of circulation soon. If there is a strengthening of the ruble, then the same ten rubles can already turn into 50 cents – this is enough amount to continue to exist in metal form. If there is a depreciation and the same ten-ruble copper coin does not pay off, then the washout will occur by 90 percent,” he is sure.