Word: tokobank
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Vladimir Orlov, a deputy director of treasury at Tokobank, the largest cash dealer in Russia, says, "Russians tend to react automatically; they say, 'My neighbor has already exchanged, so I should.' I am sure Russians will literally rush to exchange their 'inferior' old bills as soon as the new bill is introduced to the market." They also worry about counterfeit bills, and that is another reason for racing to acquire the new notes. The fears may be exaggerated, however. While the press reports that one-sixth of the U.S. currency that circulates in Russia is fake, a recent study...
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