OREANDA-NEWS Russia may stop producing small denomination coins due to low demand. This was stated to RIA Novosti by Anatoly Aksakov, head of the State Duma Committee on the Financial Market of the Russian Federation.

The Central Bank (CB) resumed printing ten-ruble and five-ruble banknotes last year, as it is more profitable than minting coins of this denomination. The deputy called the regulator's approach "correct" and allowing to save money on production. He stressed that, according to the law, one ruble should also be in circulation, since it is the national currency.

"Small change is not particularly in demand among the population now, I see that many do not even take small change when they are given change. Life will show how appropriate it is to produce something that people are not interested in," he said. Aksakov stressed that the Central Bank is not going to carry out "any devaluations and reforms", since the regulator "quite rigidly" controls the stability of the national currency.

Earlier, the Central Bank issued new gold coins with a face value of 100 rubles with the image of St. George the Victorious. The diameter of the coin is 30 millimeters, and the weight of the 999 pure gold contained in it is estimated at 15.55 grams.