Posted on 07/02/2022 7:46:41 AM PDT by dennisw
Russia's new 100 rouble banknote is impossible to withdraw from ATMs after Western firms that program cash machine quit the country following Ukraine invasion
The Association of Russian Banks has asked for a six-month delay to rolling out the new 100 Rouble banknote as a new security feature is needed The Rzhev Memorial to the Soviet Soldier, a memorial to one of the bloodiest battles of the Second World War, is featured on the note to fuel patriotism
The Western companies which install and update ATMs have pulled out of Russia
Russia’s new 100 rouble banknotes are impossible to withdraw from ATMs because the Western companies that programmed them have left the country.
The Rzhev Memorial to the Soviet Soldier, a memorial to one of the bloodiest battles of the Second World War due to the high Soviet casualties, features on the new banknote.
One the other side of the 100-rouble banknote – worth approximately £1.50 – is a picture of the Kremlin, which regularly draws comparisons between World War Two and its war in Ukraine to fuel patriotism in the country.
'With the departure of suppliers, any updates to the software of … ATMs, as well as cash registers and terminals, have become impossible,' newspaper Kommersant quoted the association as saying.
Western ATM manufacturer Diebold Nixdorf and software company NCR Corporation, companies responsible for installing the bank machines and updating their software, are both American multinationals that have pulled out of Russia following Vladimir Putin’s invasion of Ukraine on February 24.
The Russian banks are having trouble adding the security feature without the cooperation of Western companies, stalling the rollout of the new patriotic banknote.
(Excerpt) Read more at dailymail.co.uk ...
The Rooski ATM machines cannot work with the new 100 rouble note worth $1.50.
Why?
They need European techs to reprogram the ATMs.
Wait - Russia had NO in-country talent/companies that handled ATM design or development?!
That’s a massive security issue (if true and if this isn’t more propaganda)
Do WE for that matter?!
Sounds like an internal Russian market opportunity.
Sounds like the Russian government is trying to prevent a run on the money.
If so, this is very bad news.
Sounds like the Russian government is trying to prevent a run on the money.
If so, this is very bad news.
As more and more of their equipment and technological infrastructure that is dependent on western technology needs updating or repair, those things will all start grinding to a halt in Russia. Long term, it's a huge problem for them because they can't afford to simply replace all that stuff with Chinese crap. Don't have the enormous capital that would require.
Does the ATM spit out 2 50s instead or just nothing ???
How about just going into the bank itself ???
How am I supposed to buy gas and groceries with no roubles???
Rouble trouble bump.
I thought Russia used rubles. Are rouble and rubble homophones?
Rouble double trouble bump.
Double trouble rouble bubble bump.
More proof that Russia is a craphole country.
Check out the photos at the source/UK Daily Mail. Russian stores and shopping malls with zero pedestrian traffic. Their retail economy is at zero. Mostly due to Western sanctions.
Just put an image in your mind of Barney Rubble.
China to the rescue again...
Yet about 50%, or so, freepers think it’s paradise.
That’s it!
There is a fix to Russia’s ATM problem with the 100 ruble note. Distribute it like we do here in the US. Drop it from helicopters
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