First Minister of Economy of Russia Andrei Nechaev in an interview with Ura.ru predicted the possible future of paper banknotes in the country.

According to the ex-minister. “There are some calculations directly between people. There is quite a micro-business connected to the payment system, “Nechaev explained.

Speaking about cryptocurrencies and electronic money, he admitted that they cannot displace paper money from the usual circulation of people, but can become a tool for investment or for criminal purposes.

Earlier, economist Leonid Khazanov predicted that it would hardly be possible to abandon metallic money in the next five years, since there are still many remote settlements in Russia where there are no ATMs and online payment shops. He admits that if the coins are quickly withdrawn from the port of circulation, then through great difficulties with the help of goods.

In August, metal money should be abandoned, since their production is more expensive than par. In his opinion, today metal money is costly and expensive for the state.