Why Are Numbers On Banknotes

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Why Are Numbers On Banknotes
Why Are Numbers On Banknotes

Video: Why Are Numbers On Banknotes

Video: Why Are Numbers On Banknotes
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Bank of Russia tickets are the official name of all banknotes in circulation on the territory of the Russian Federation. Each of them has its own number, which performs several functions at once.

Why are numbers on banknotes
Why are numbers on banknotes

Number on the banknote

The issue of currency, which is a means of payment in a particular country, is always strictly controlled by the state. In most cases, the issue of banknotes, that is, the printing of money, is carried out by the Central Bank of the state or another body performing similar functions.

In order to avoid the spread of counterfeit money, which can cause enormous damage to the economy, the state usually develops special tools to protect banknotes and coins from counterfeiting. So, such tools can be watermarks, metal or other inserts in the body of a bill and other elements that are difficult to reproduce at home.

An additional way to protect monetary units from copying is to affix an individual number on each bill. So, in the Russian Federation, the number of each banknote usually consists of a series containing two characters and, in fact, a number consisting of seven digits. The combination of these signs and numbers on each banknote is unique: therefore, there are no two genuine banknotes with the same series and number.

It is interesting that in the process of printing banknotes on one sheet, not the digital, but the alphabetic part of the number is replaced. After the sheet is pre-printed, in the cliche used for the print, one number is changed, after which the process, involving the replacement of the letter part, is repeated again.

Room functions

Thus, according to the number of a specific banknote, its characteristics, for example, the year of issue, can be established, thereby determining the authenticity of the banknote. However, the application of the number on the banknote is also used for other purposes. So, for example, one of them is the accounting of production and wear of banknotes. So, it is known that paper bills have a relatively short shelf life, therefore, after a certain period of time, banknotes of a particular year of issue, which can be determined by the number, begin to be gradually withdrawn from circulation.

Another function performed by the numbers printed on banknotes is to record distribution and circulation: by the numbers of the notes, you can track which regions and in what ways they get. As a result, by monitoring the migration routes of banknotes, the Bank of Russia can determine the degree of demand for certain types of funds in different regions and accordingly modify the distribution flows of the money supply. This will increase the overall circulation period of the money supply in the country and reduce the cost of printing money.

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