Soviet Rouble

The Soviet Rouble ( ON ) was the monetary unit of the Union of the Soviet socialist republics (or the USSR) of 1922 on 1991, date to which it was replaced by the Russian Rouble (in Russia) and by the national currencies of the countries resulting from the USSR. In some of these countries the Soviet rouble still continued to circulate a certain time after the official dissolution of the USSR on December 26th, 1991. The rouble was divided into 100 Kopeck S.

History

At the end of the First World War, the Russian imperial Rouble had already been revalued three times in three years.

The first series of Rouble S Soviet was introduced on January 1st, 1922 under the Soviet S ata new rate of 1 rouble against 10.000 old Russian imperial roubles. Only banknotes of this first series were issued.

This first series remained in circulation until December 31st, 1922. It was replaced by a second series a rate of 100 over from January 1st to 1st 1923. Again, only of banknotes were emitted, of 10 Kopeck S with 25.000 roubles. It is in this series, at the beginning of 1924 that the first banknotes were issued in the name of the USSR comprising the emblem of the state with 6 bands around corn, with the inscriptions in the four languages of the republics constitutive of the Union: RSFS of Russia, RSFS of Transcaucasia (Azerbaïdjan, Arménie and Georgia), RSS of Ukraine and RSS of Bielorussia. The tickets were of 10.000 roubles, 15.000 roubles and 25.000 roubles.

As of on March 7th, 1924, a new reform took place in full period of NEP, with putting into circulation of a third series of roubles including one rouble gold of a value of 50.000 roubles 1923. This reform also saw the introduction of the Tchervonets (червонец), of a value of 10 roubles. The first parts in Soviet rouble started to be struck as from 1924, the banknotes being emitted for values higher than 10 roubles and in the tchervonets.

The monetary unit of the USSR became not - convertible as of 1932 (when the trade in tchervonets convertible in Or was suspended), and this until the end of the Eighties. It was impossible (for the citizens and the companies of State) to buy or sell freely foreign currencies although foreign exchange rate is fixed (on an artificially high level) and is published regularly.

A new devaluation of the rouble took place right after the second world war in 1947, with a new rate of 1 rouble for 10 old roubles.

The denomination of 1961 was a repetition of the reform of 1947, with the same application of the limits of exchange of old rouble-paper into new. The Soviet rouble of 1961 was formally equal to 0,987412 G of Or, but the exchange out of gold was never assured. The rouble was not related any more to the gold standard. Its nominal foreign exchange rate was fixed at the neighborhoods of 0.62 $US (10 FF) for one rouble.

As of the end 1989, following the liberalization of price in a context of shortage of goods and services, the USSR knew a Inflation which gallops going until more 2000%/an what made lose with the rouble its value of several thousands of times in a few years.

After the dissolution of the Soviet Union in 1991, the Rouble is remained the currency of the Fédération of Russia and the Bielorussia.

Transferable rouble

The transferable rouble (Russ E: переводнойрубль ) was a monetary unit scriptural based on the rouble Soviet and used until 1991 within the Council for Mutual Economic Aid (CMEA or the English Comecon), for the calculation of the value of the commercial exchanges and the amounts of debt between the Member States of this economic organization of the Eastern bloc. After the dissolution of the CMEA in 1991, frictions appeared between the States of the old block, and especially opposite Russia (heiress of the credits and the obligations of the USSR) as for the conversion of the amounts of national debts of the CMEA since the transferable rouble whose foreign exchange rate was regarded as appreciably overestimated.

Soviet coins

The Series after the second war

the part of 1 kopeck (1948-1956) aluminum-bronzes of it
the part of 2 kopecks (1948-1956) aluminum-bronzes of it
the part of 3 kopecks (1948-1956) aluminum-bronzes of it
the part of 5 kopecks (1948-1956) aluminum-bronzes of it
the part of 10 kopecks (1948-1956) out of cupronickel
the part of 15 kopecks (1948-1956) out of cupronickel
the part of 20 kopecks (1948-1956) out of cupronickel

The Series 1957

the part of 1 kopeck (1957) aluminum-bronzes of it
the part of 2 kopecks (1957) aluminum-bronzes of it
the part of 3 kopecks (1957) aluminum-bronzes of it
the part of 5 kopecks (1957) aluminum-bronzes of it
the part of 10 kopecks (1957) out of cupronickel
the part of 15 kopecks (1957) out of cupronickel
the part of 20 kopecks (1957) out of cupronickel

The Series after the denomination of 1961

the part of 1 kopeck (1961-1988) aluminum-bronzes of it
the part of 2 kopecks (1961-1985) aluminum-bronzes of it
the part of 3 kopecks (1961-1978) aluminum-bronzes of it
the part of 5 kopecks (1961-1978) aluminum-bronzes of it
the part of 10 kopecks (1961-1981) out of cupro-nickel-zinc
the part of 15 kopecks (1961-1978) out of cupro-nickel-zinc
the part of 20 kopecks (1961-1978) out of cupro-nickel-zinc
the part of 50 kopecks (1961) out of cupro-nickel-zinc
the part of 50 kopecks (1964-1978) out of cupro-nickel-zinc
the part of 1 rouble (1961) in cupro-nickel-zinc
the part of 1 rouble (1964-1978) out of cupro-nickel-zinc

Soviet banknotes

See too

Be-X-old: Савецкірубель

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