“Kommersant”: ATMs do not accept new hundred-ruble bills, due to sanctions, equipment setup may take years

On June 30, the Central Bank announced the introduction of a new 100-ruble banknote into circulation in Russia. However, according to Kommersant, Russians will not be able to see these banknotes in a noticeable amount in the near future, as banks need to set up ATMs, terminals and cash equipment to recognize them. The situation is complicated by the fact that the leading Western manufacturers of ATMs (NCR and Diebold Nixdorf) left Russia.

Alexey Razumovsky, commercial director of the IMPAYA processing center, believes that this process will take several years. According to Dmitry Vishnyakov, an independent expert in the payment market, for the operation of ATMs, it will be necessary to “find alternative solutions from manufacturers from friendly countries or through unofficial deliveries as parallel imports.”

Kommersant recalls that the Association of Banks of Russia warned the Central Bank about this problem back in the spring and, moreover, asked to postpone the introduction of new banknotes into circulation for six months:

“With the departure of suppliers, any updates to the software of validators in the recycling / cash acceptance modules of ATMs, as well as cash registers, terminals, became impossible, which leads to the inability to add / change templates for banknotes of both new denominations and a new sample,” the letter said. ADB.

The new 100-rouble banknote of the Central Bank depicts the Spasskaya Tower and the Rzhev Memorial to a Soviet soldier. Back in 2016, the design of new banknotes was determined not by considerations of patriotism, but by voting: this is how the symbols of the Far East appeared on the banknote of 2000 rubles. “The decision will be made by the Central Bank, but we all remember the song Vladivostok-2000,” Elvira Nabiullina said then.

American Daily Newspaper

Learn More →