INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of June 21, 2013 No. 3020-U

About procedure for transfer of commemorative and investment coins by the Bank of Russia from precious metals to the Russian credit institutions and the organization making banknotes and coin of the Bank of Russia

The Bank of Russia according to the Federal Law of July 10, 2002 No. 86-FZ "About the Central bank the Russian Federation (Bank of Russia)" (The Russian Federation Code, 2002, No. 28, Art. 2790; 2003, No. 2, Art. 157; No. 52, Art. 5032; 2004, No. 27, Art. 2711; No. 31, Art. 3233; 2005, No. 25, Art. 2426; No. 30, Art. 3101; 2006, No. 19, Art. 2061; No. 25, Art. 2648; 2007, No. 1, Art. 9, Art. 10; No. 10, Art. 1151; No. 18, Art. 2117; 2008, No. 42, Art. 4696, Art. 4699; No. 44, Art. 4982; No. 52, Art. 6229, Art. 6231; 2009, No. 1, Art. 25; No. 29, Art. 3629; No. 48, Art. 5731; 2010, No. 45, Art. 5756; 2011, No. 7, Art. 907; No. 27, Art. 3873; No. 43, Art. 5973; No. 48, Art. 6728; 2012, No. 50, Art. 6954; No. 53, Art. 7591, Art. 7607; 2013, No. 11, Art. 1076; No. 14, Art. 1649; No. 19, of the Art. 2329) establishes the following procedure for transfer of commemorative and investment coins from the precious metals which are legal means of cash payment in the territory of the Russian Federation, to the Russian credit institutions and the organization making banknotes and coin of the Bank of Russia.

1. The commemorative and investment coins from precious metals which are legal means of cash payment in the territory of the Russian Federation in connection with use of difficult expensive technologies of stamping and decorating, and also use for their production of precious metals can address both as means of cash payment at par value, and as objects of collecting, investment and hoarding of the prices different from their nominal value.

2. The Bank of Russia releases commemorative coins from precious metals to anniversaries, significant events of history and the present, shares on environment protection, other events of public life, and also investment coins from precious metals - regardless of memorable (anniversary) subject.

Official reports of the Bank of Russia about release into the stream of commerce of commemorative and investment coins from precious metals (further in case of joint mentioning - coins) are placed in mass media and on the page of the Bank of Russia in the Internet on which catalog numbers, nominals and names of coins, types and content in them chemically net precious metals, test (test of alloys), quality of stamping are specified, and also is reported about the geometrical sizes and circulations of the released coins, descriptions of their external design are provided.

3. Transfer of coins to the Russian credit institutions and the organization making banknotes and coin of the Bank of Russia (further - the organizations), is carried out by territorial offices of the Bank of Russia and structural divisions operating in their structure which are granted the right of implementation of transactions with coins based on the administrative acts of the Bank of Russia signed by the First Deputy Chairman of the Bank of Russia supervising question of the organization of cash circulation (further - cash divisions), Department of cash circulation of the Bank of Russia (further - Department).

The Bank of Russia performs transfer of coins of each type in quantities, multiple to standard packagings of the organization making banknotes and coin of the Bank of Russia. Variations from the specified quantities by transfer of coins are allowed in cases when the actual remaining balance of coins there is less standard packaging.

Coins are transferred to the organizations for selling prices of the Bank of Russia which include the cost of the precious metals containing in coins and award to the cost of precious metals which size affirms as percentage expression for each type of coins the First Deputy Chairman of the Bank of Russia supervising question of the organization of cash circulation.

paragraph fourth ceased to be valid

paragraph fifth ceased to be valid

4. For the purpose of carrying out transactions on transfer of coins the Bank of Russia signs with the organization the Devolution agreement by the Bank of Russia of coins - currencies of the Russian Federation (further - the Agreement).

5. Information on availability of coins, and also on conditions and the place of their obtaining is provided to territorial offices of the Bank of Russia which is granted the right of implementation of transactions with coins based on the administrative acts of the Bank of Russia signed by the First Deputy Chairman of the Bank of Russia supervising question of the organization of cash circulation or Department at the request of the organization which signed the Agreement with the Bank of Russia.

6. Ceased to be valid according to the Instruction of the Central bank of the Russian Federation of 05.10.2017 No. 4569-U

7. The territorial office of the Bank of Russia which is not granted the right of implementation of transactions with coins no later than two working days following behind day of receipt of request of the Russian credit institution sends it to Department which sends to the Russian credit institution information specified in Item 5 of this Instruction.

8. According to the acquired information the organization creates the order for quantity of coins necessary for it, multiple to standard packagings of the organization making banknotes and coin of the Bank of Russia in any form with indication of catalog numbers, nominals, names of coins, types and content in them chemically net precious metals, tests (tests of alloys) and quality of stamping, and sends it on fax connection to territorial office of the Bank of Russia or Department.

The territorial office of the Bank of Russia which is granted the right of implementation of transactions with coins or Department takes the order for coins signed by the head of the organization either his deputy, or other representative on it the employee of the organization.

9. In case of receipt of the order of the organization for coins territorial office of the Bank of Russia which is granted the right of implementation of transactions with coins or the Department sends to the organization the specification on commemorative (investment) coins from precious metals (further - the specification) constituted on appendix form to this Instruction. The specification on commemorative coins from precious metals is constituted separately from the specification on investment coins from precious metals.

The specification is transferred to cash division or the Special storage room of Department (further - the Special storage room) for the subsequent transfer of the organization together with coins.

Based on plans of release of the coins published by the Bank of Russia in mass media and on the page of the Bank of Russia on the Internet, the organizations can direct preliminary applications for coins of the forthcoming releases.

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info