INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of December 26, 2006 No. 1778-U

About signs of solvency and rules of exchange of banknotes and coins of the Bank of Russia

Based on the Federal Law "About the Central Bank Russian Federation (Bank of Russia)" (Russian Federation Code, 2002, N 28, Art. 2790; 2003, N 2, Art. 157; N52 (part 1), Art. 5032; 2004, N 27, Art. 2711; N 31, of Art. 3233; 2005, N 25, Art. 2426; N30 of Art. 3101; 2006, N 25, the Art. 2648) this Instruction establishes signs of solvency of banknotes and coin of the Bank of Russia and the rule of exchange of the damaged banknotes and coin of the Bank of Russia.

1. The banknotes and coin of the Bank of Russia which are valid legal means of cash payment in the territory of the Russian Federation (including withdrawn from circulation), not containing counterfeit signs, without damages or the having damages of the following nature are solvent:

1.1. banknotes of the Bank of Russia: polluted, worn out, torn; the having attritions, small openings, punctures, foreign texts, spots, prints of stamps; the lost corners, edges;

1.2. the coin of the Bank of Russia having small mechanical damages.

2. Are subject to exchange face value according to the procedure, the stipulated in Item 4 presents of the Instruction, the banknotes of the Bank of Russia which are valid legal means of cash payment in the territory of the Russian Federation, not containing counterfeit signs, but having damages of the following nature:

2.1. at least 55 percent which lost considerable fragment, but kept from the initial area (including burned, subjected to impact of hostile environment, charred and decayed);

2.2. stuck together from fragments (without quantity of fragments) if one fragment or several fragments certainly belonging to one banknote of the Bank of Russia occupy at least 55 percent from the initial area of banknote of the Bank of Russia;

2.3. constituted from two fragments belonging to different banknotes of the Bank of Russia of one nominal if each fragment differs from next on graphic design and occupies at least 50 percent from the initial area of banknote of the Bank of Russia;

2.4. the changed coloring and luminescence in ultraviolet rays if on them images are distinctly checked (except for the banknotes of the Bank of Russia painted by the dyes intended for prevention of plunder of banknotes of the Bank of Russia in case of their transportation and storage);

2.5. having scrap of manufacturers.

3. Is subject to exchange face value according to the procedure, the stipulated in Item 4 presents of the Instruction, the coin of the Bank of Russia which is valid legal means of cash payment in the territory of the Russian Federation, not containing counterfeit signs, but having damages of the following nature:

3.1. having damages of initial form (bent, flattened, nadpilenny, having openings and traces of removal of metal), having traces of impact of high temperatures and hostile environment (melted off, etched, changed color) which do not interfere with unambiguous identification of nominal and belonging to coin of the Bank of Russia, kept at least 75 percent from the initial mass of coin of the Bank of Russia;

3.2. ceased to be valid according to the Instruction of the Central bank of the Russian Federation of 22.08.2014 No. 3369-U

3.3. having scrap of manufacturers.

4. The banknotes listed respectively in Items 2 and 3 of this Instruction and coin of the Bank of Russia are withdrawn from cash circulation of the Russian Federation and are accepted to exchange of the Bank of Russia from legal entities and physical persons with which he makes banking activities in accordance with the legislation of the Russian Federation, and also credit institutions from the legal entities who are at them on cash servicing and all physical persons.

The Bank of Russia makes exchange by transfer of the amount of the exchanged banknotes and coin of the Bank of Russia for the bank account opened for legal entity or physical person in the Bank of Russia or credit institution (after conducting examination of the specified banknotes and coin of the Bank of Russia in the Bank of Russia).

Credit institutions make exchange by issue to physical person of the equivalent (exchanged) amount of the intact banknotes and coin of the Bank of Russia or by its transfer on the bank account opened for legal entity or physical person in credit institution (directly after acceptance of banknotes and coin of the Bank of Russia or after the direction of the accepted banknotes and coin of the Bank of Russia for examination in Banks of Russia and their exchange of the Bank of Russia).

Exchange of the banknotes and coin of the Bank of Russia listed in Items 2 and 3 of this Instruction is made without restriction of the amount. The payment for the made exchange is not levied.

The procedure for exchange of the banknotes of the Bank of Russia painted by the special paint having resistance to impact of solvents, chemical reactants and other distinctive characteristics allowing to identify its availability on the banknote of the Bank of Russia intended for prevention of plunder of banknotes of the Bank of Russia in case of their transportation and storage is established by the regulation of the Bank of Russia.

5. The banknotes withdrawn from circulation, but subject to exchange and the coin of the Bank of Russia which are not containing counterfeit signs, without damages or the having damages listed in Items 1 - 3 presents of the Instruction, exchange according to the procedure, the stipulated in Item 4 presents of the Instruction if other is not established by the legislation of the Russian Federation.

6. The banknotes and coin of the Bank of Russia which are not valid legal means of cash payment in the territory of the Russian Federation, either containing counterfeit signs, or having the damages which are not specified in Items 1 - 3 presents of the Instruction (including the stratified banknotes of the Bank of Russia; separate parts of coins of the Bank of Russia which design provides availability of disk and ring), the banknotes of the Bank of Russia having texts the "Sample", "Test", other texts executed by method of perforation and (or) printed on banknote surface with the manufacturer and also the banknotes and coin of the Bank of Russia having repayment signs are insolvent and are not subject to exchange.

7. This Instruction becomes effective after 10 days after day of its official publication in "the Bulletin of the Bank of Russia".

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