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MIL OSI Translation. Region: Russian Federation –

Source: Central Bank of Russia – Central Bank of Russia (2) –

Updated: 10/08/2019

To resolve the issue of exchanging damaged Bank of Russia banknotes, you must contact any credit institution that carries out cash transactions.

If a cashier of a credit institution doubts the solvency of a damaged Bank of Russia banknote, the specified banknote is sent for examination to a division of the Bank of Russia.

According to Bank of Russia Regulation No. 630-P dated January 29, 2018 “On the procedure for conducting cash transactions and the rules for storage, transportation and collection of banknotes and coins of the Bank of Russia in credit institutions on the territory of the Russian Federation,” a credit institution is obliged to accept a damaged banknote from a client based on his application for its transfer for examination to a division of the Bank of Russia.

The damaged banknote of the Bank of Russia, recognized as solvent based on the results of an examination carried out in a division of the Bank of Russia, is exchanged by the Bank of Russia, and the credit institution returns its amount to the client in the manner specified in his application. A damaged banknote of the Bank of Russia, recognized as insolvent based on the results of an examination and having no signs of counterfeit, is returned to the client.

Acceptance and transfer of a damaged banknote of the Bank of Russia for examination to a division of the Bank of Russia, as well as reimbursement to the client of the amount of the exchanged banknote must be carried out by the credit institution without charging a commission.

Note; This information is raw content directly from the source of the information. This is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

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