DenominationFor carrying out of currency reform of 1998 answers the first vice-president of the Central Bank Arnold Vo
For carrying out of currency reform of 1998 the first vice-president of the Central Bank Arnold Vojlukov answers. It works in the State Bank of Russia since 1955. Took part in denominatsionnoj to reform of 1961.
- the decision on denomination of bank notes was accepted in 1958 - m and is corrected in 1959. Then, in 1959, the State Bank of the USSR has started to carry new bank notes on regions. However till May, 1960 all actions of the main bank of the country have been coded. In May, 1960 forthcoming currency reform was announced by Nikita Khruschev. According to the plan, money should exchange within three months. The great bulk of old money has been withdrawn for first three weeks of January. From the end of February, 1961 special exchange offices have started to turn off from - for absence of work.
we carried on negotiations for forthcoming reform with the president and the government from the middle of last year. The board of directors has developed the decree, has co-ordinated it with the government and then has presented for the signature to the president. Essential difference of reform of 1998 from reform of 1961 consists that will not be made a direct exchange of money. I think that we will withdraw a great bulk of old money from circulation imperceptibly for the population within January - May of forthcoming year. The detailed description and the size of denominations will be declared in December, 1997. We have no right to open all signs of new banknotes ahead of time as counterfeiters constantly pursue us.