History Of Russia In Currency Units

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There is a close interrelation between money and history of Russia. Everything changes with time and currency units are not an exception. Look how Russian monetary units were changed with time.

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What you see here is a currency unit of the Russian Federation.

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Here money of the Russian Empire and of the Russian Federation are compared. Which currency unit has a better design, the old or the modern one?

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1919. The Red Army has almost suppressed counterrevolution. The citizens are waiting for a new and just life. Their slogan ‘Workers of the world, unite!’ is repeated in English, French, German and other languages. It means that Soviet people of those times hoped for the World Revolution to come.

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1921. The currency unit does not look that big and rich any more. The country is facing hunger and military communism.

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1937. Industrialization goes at full speed. There is no hunger any more. The country faces real GDP growth against the background of economic crisis, galloping inflation and unemployment in the USA and Europe.

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1947. Russia is a winner in World War II. It can boast of huge acquired territories such as Western Ukraine, Belarus, Moldova, Baltic countries, and Tuva.

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1961-1991. Stalin is not respected any more, people come across the madness of Khrushchev’s politics, Brezhnev’s depression, massive corruption in trade, child labor in Central Asia, industrial degradation, Gorbachev, adjustment, publicity, withdrawal of troops from Germany. The country is getting ready to face collapse. It may seem strange but the two currency units are similar in size.

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The Soviet monetary reform of 1991, commonly referred to as the Pavlov reform, was the last monetary reform prior to the dissolution of the Soviet Union. It was intended to withdraw money from circulation for reallocation to the production of consumer goods, which were in short supply. Pavlov stated that the reason for the withdrawal was the government’s belief that money was being sent to the Soviet Union from abroad, fueling inflation. Although ridiculed by the Soviet press at the time, three years later the truth of Pavlov’s statement was verified.

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The new currency units were multi-coloured in a strange way and reminded of the bad condition of the country at that moment. The country faced inflation for the first time.

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The country experienced annual inflation rates of 1000% and more. The military takeover was followed by dissolution of the country. 16 new countries including Russia appeared on the world map. Nobody respects the Communist Party and Lenin any more. The currency units look pathetic as well.

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Meanwhile, inflation is still there.

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The year of 1993 was marked by a conflict between President Yeltsin and Supreme Soviet. New currency units were issued to prove people that a new and better era is about to come.

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1997. Inflation is still alive, people prefer holding cash in a foreign currency. The default of 1998 takes place.

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Don’t you see any similarity?

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Yeltsin submits resignation.

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10 thoughts on “History Of Russia In Currency Units”

  1. Poor post, terribly arranged pictures, no comments explaining the time period and era. Fail. Author, you’re didn’t do your work properly.

    • It’s English Russia, what did you expect a dissertation on Russian currency?

      All you’ll even find here are photos gathered from another website, with a few dubious 2nd hand explanations tossed in for good measure. If anything the ER comments on this story are better then usual.

    • The swastika was put there as a sign of good luck, and carried over to the 1,000 Ruble note and the Soviet 5,000 Ruble and Soviet 10,000 Ruble banknotes, discussed in a different section of the site. The swastika was not a symbol of the Nazis until the 1930s, and no Nazi influence existed outside of Germany before the 1930s, so the placement of swastikas on the Russian Provisional banknotes is not connected to Nazi Germany (which did not exist yet) in any way.

      • There is a difference between the (Asia) Buddhist good luck swastika and the Nazi swastika. If you will take note between the two, the Nazi’s flipped the design in such a way the lines are pointing into the opposite direction. The symbolism changes from one that was a good symbol, into a grossly hated symbol of death and destruction.
        Also note, at one time, BEFORE Nazism, the Americans used the symbol on their Army uniform. The 45th infantry division used the swastika of good luck. After Nazism, it was changed to the Native American Indian “thunderbird” symbol.

  2. I bet Comrade Lenin wouldn’t have wanted to be put on money. I bet George Washington and Abe Lincoln wouldn’t have wanted to be put on money…

  3. By the way, did you know that Russia was the first country in the world to introduce a decimal monetary system, where one ruble was equal to 100 kopeks? Happened in 1704.

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