One and five russian kopecks

The Central Bank of Russia has been long insisting on ceasing the minting of small coins, that are one and five kopecks. The reason is simple - the minting is more expensive than the nominal. To mint a one-kopeck coin they spend 47 kopecks.

The history of a copeck is old and hard, but not to say very ancient. The financial reform of 1534 made a copeck the basic coin, and there was a horseman with a lance printed on it. In Russian copeck is "kopeyka", and the word "lance" in Russian is "kopye". This is why it’s called "copeck".

Posted by andrew, October 13, 2010. Post has 0 comments.
kopecks Russia