Russia Honors Cash-in-Transit Officers on August 1

From 9th-century guards to today's secure banking systems, Russia honors cash-in-transit officers on August 1, ensuring the safety of valuable assets.

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2025 October 26 . 11:03 PM

1 min read

In the foreground of the picture there is payment and a bus. On the left there are buildings,... — In the foreground of the picture there is payment and a bus. On the left there are buildings, pavement, hoardings, people and road. It is sunny.

Russia Honors Cash-in-Transit Officers on August 1

August 1 marks National Cash-in-Transit Officer’s Day in Russia, a profession that has evolved significantly over centuries. Today, commercial banks primarily use state services, but some maintain in-house divisions. The need for secure transportation of money and valuables dates back to late 9th-century Kievan Rus. In the 16th century, merchant caravans were escorted by guards led by a starost. After the October Revolution of 1917, cash-in-transit emerged as a distinct function, giving rise to the cash-in-transit officer. The State Bank of the USSR established the cash-in-transit service on August 1, 1939. Following the collapse of the Soviet Union, the Russian Money and Valuables Transport Association was founded in 1992. In 1988, the Russian Cash-in-Transit Association (Rosinkas) was created, later becoming part of the Bank of Russia’s system in 2002. Cash-in-transit, involving the collection and secure delivery of cash and valuables, plays a crucial role in modern banking. Russia's National Cash-in-Transit Officer’s Day honours the professionals ensuring the safety of these valuable assets.