James,
> Thanks very much! I really know nothing of your money, will there be
> more than one size?
AFAIK there will be the only one size of chervonetz.
> Are they still doing palladium coins? Do you ever
> see Ballarinas (Pd. coins that once graced e-gold Ltd.'s reserves, along
> with the cool 100oz Pd bars still in the vaults which still have the
former
> USSR's Hammer & Sickle emblem on them!) in circulation now?
No, there're no any ores in circulation at the time. They are just preparing
to run chervonetz in circulation, but usual rubles will still be active.
> Also,
> do individual Russians tend to hoard/use precious metal coins? What
> is the official government of Russia reason for suddenly minting these
> precious metal coins (or is there one?)? Is there an English meaning
> for the word "chervonetz"? [I know, I have lots of questions!]
The official's government of Russia reason for suddenly minting these
precious metal coins is to establish our own, more stable than dollar,
currency, IMO.
There's no any official translation for 'chervonetz', but in Russian it
usually meant 10 rubles. So you should understand it as 'Ten golden rubles',
but the actual value is much higher than $10 USD, of course.
WBR,
Paul
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