RUSSIA is celebrating its third-ever minting of three million coins as the country’s economic growth and political stability soared.
The three million Russian coins minted by the central bank are among the largest in the world, a record for a single minting, the central banks chief of state said in a statement on Wednesday.
The Russian Mint, Russia’s largest minting company, said the mints will produce 1.5 million coins a month starting on March 30.
The mints said it expects the coins to be ready for circulation in a few months.
A separate minting will start on April 8 and will last about two weeks.
The coins will be produced by the Mint of Russia’s State Economic Development and Finance Ministry, which oversees the economy, the Russian Finance Ministry said.
The coins will then be exported to the European Union, the US, Canada, Australia, New Zealand, Brazil, Turkey, Singapore, Malaysia, Singapore and South Africa, the statement said.