Tchaikovsky Competition will pay prize money in dollars
mainThe budget for the competition is 300 million rubles, but with the fluctuation in currency values the organisers have bee forced to stipulate that the award oney will be paid in US currency according to the exchange rate on the day.
The gold medal winner will collect $130,000, the biggest prize anywhere.
Valery Gergiev, the co-chair, has also clarified that Placido Domingo will not, as announced, be one of the judges of the vocal section. He will, however, attend as a guest.
That’s a shitload of money
300 million rubles is about $5 million.
How does that compare with other contest budgets?
… at today’s exchange rate, 300 million rubles is now down to $4.285 million … and dropping fast 🙁