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Monetary Reform In The Soviet Union, 1947
The monetary reform in the Soviet Union of 1947 (known as the "postwar reform") was carried out during December 16–19, 1947. It was the second Soviet monetary reform. At the same time the post-World War II rationing system was discontinued. The reform was a combination of redenomination and confiscation, the latter depending on the amount exchanged and whether the monies were kept at the State Labor Savings Banks System of the USSR or not. Amounts under 3,000 Soviet ruble#Fourth (gold) Soviet ruble, March 7, 1924 – 1947, Rbls in private bank accounts were not revalued while cash had to be exchanged 10:1 for Soviet ruble#Fifth Soviet ruble, 1947–1961, new roubles. State bond (finance), bonds were exchanged as well, under more favourable to government (politburo) rules of denomination. The confiscative character was attributed to large amounts of counterfeit money produced by Nazi Germany, as well as to the desire to devalue the savings of the profiteer (business), profit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
USSR Banknote
The Union of Soviet Socialist Republics. (USSR), commonly known as the Soviet Union, was a transcontinental country that spanned much of Eurasia from 1922 until it dissolved in 1991. During its existence, it was the largest country by area, extending across eleven time zones and sharing borders with twelve countries, and the third-most populous country. An overall successor to the Russian Empire, it was nominally organized as a federal union of national republics, the largest and most populous of which was the Russian SFSR. In practice, its government and economy were highly centralized. As a one-party state governed by the Communist Party of the Soviet Union (CPSU), it was a flagship communist state. Its capital and largest city was Moscow. The Soviet Union's roots lay in the October Revolution of 1917. The new government, led by Vladimir Lenin, established the Russian SFSR, the world's first constitutionally communist state. The revolution was not accepted by all wi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |