Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

Moscow Gets Its First Ruble Dispensers

Moscow now has its first 24-hour automatic teller machines for dispensing rubles, with a special computerized security system to keep away robbers.

The two machines operate using the STB card, a debit card issued to account holders at Stolichny Bank and are located behind security doors in the Moskovskiye Novosti building on Pushkin Square.

Customers drag their card across a sensor which opens the doors and gives access to the room which contains the teller machines.

The 24-hour machines, installed last month, bring the total number of automatic teller machines which STB now has in operation to seven.

Other machines were installed in the GUM department store and at the Stolichny Bank head office earlier this year, but they only operate a few hours a day when guards are present.

STB bought 15 machines from the U. S. firm Interbolt. Two more are planned for installation next month in the Moskvichka shop on Novy Arbat. Alexander Sorokin, president of STB, said that Muscovites take out about 21 to 27 million rubles every day.

He said that last week STB, previously confined to Stolichny Bank customers, signed an agreement with two of Moscow's other big companies with plastic cards, the OLBI Concern and Most Bank. Over the course of a year, they will replace their existing cards with STB cards.

STB's automatic teller machines are of two kinds: one issues one thousand ruble banknotes, the other one gives out ten thousand ruble notes.

As well as for withdrawing money, the card can be used for making purchases which are charged directly to customers bank accounts. Withdrawals can be made from both ruble and hard-currency accounts with Stolichny Bank.