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Genuine 5 Soviet-Russia-Russian-USSR Ruble(Rouble) 1991


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Since 1939 till 1990 Lithuania suffered 3 occupations: 1 German (1941-1944) and 2 Soviet (1939-1941, 1944-1990), one of which lasted 46 years. In WWII occupations were based on violent battles between Germans and Russians. These historical events left a lot of memorabilia behind them selves. Almost every family in Lithuania has something left, related to USSR history, in their forgotten drawers. We are just traveling around lithuanian countrysides and collecting this memorabilia.

Item is original, genuine, authentic, unique, not a copy or replica - has 2-12 decades of it's own unique history. You can order item's authenticity certificaty (for additional-optional 8$ fee), issued by our store and sign buy our store owner, to ensure this.

 

 

 

 

Reforms of Gorbachev and dissolution - 1991

Perestroika ('Restructuring') poster featuring Soviet leader Mikhail Gorbachev
Perestroika ("Restructuring") poster featuring Soviet leader Mikhail Gorbachev

Two developments dominated the decade that followed: the increasingly apparent crumbling of the Soviet Union's economic and political structures, and the patchwork attempts at reforms to reverse that process. After the rapid succession of Yuri Andropov and Konstantin Chernenko, transitional figures with deep roots in Brezhnevite tradition, beginning in 1985 Mikhail Gorbachev made significant changes in the economy (see Perestroika, Glasnost) and the party leadership. His policy of glasnost freed public access to information after decades of heavy government censorship.

In the late 1980s, the constituent republics of the Soviet Union started legal moves towards or even declaration of sovereignty over their territories, citing Article 72 of the USSR Constitution, which stated that any constituent republic was free to secede.[9] On April 7, 1990 a law was passed, that a republic could secede, if more than two thirds of that republic's residents vote for it on a referendum.[10] Many held their first free elections in the Soviet era for their own national legislatures in 1990. Many of these legislatures proceeded to produce legislation contradicting the Union laws in what was known as "The War of Laws". In 1989, the Russian SFSR, which was then the largest constituent republic (with about half of the population) convened a newly elected Congress of People's Deputies. Boris Yeltsin was elected the chairman of the Congress. On June 12, 1990, the Congress declared Russia's sovereignty over its territory and proceeded to pass laws that attempted to supersede some of the USSR's laws. The period of legal uncertainty continued throughout 1991 as constituent republics slowly became de facto independent.

A referendum for the preservation of the USSR was held on March 17, 1991, with the majority of the population voting for preservation of the Union in nine out of fifteen republics. The referendum gave Gorbachev a minor boost, and, in the summer of 1991, the New Union Treaty was designed and agreed upon by eight republics which would have turned the Soviet Union into a much looser federation.

In an iconic photograph by the Associated Press broadcast worldwideYeltsin (far left) stands on a tank to defy the coup.
In an iconic photograph by the Associated Press broadcast worldwide[11]Yeltsin (far left) stands on a tank to defy the coup.

The signing of the treaty, however, was interrupted by the August Coup—an attempted coup d'état against Gorbachev by hardline Marxist members of the government, who sought to reverse Gorbachev's reforms and reassert the central government's control over the republics. After the coup collapsed, Yeltsin came out as a hero while Gorbachev's power was effectively ended. The balance of power tipped significantly towards the republics. In August 1991, Latvia and Estonia immediately declared restoration of full independence (following Lithuania's 1990 example), while the other 12 republics continued discussing new, increasingly looser, models of the Union.

On December 8, 1991, the presidents of Russia, Ukraine and Belarus signed the Belavezha Accords which declared the Soviet Union dissolved and established the Commonwealth of Independent States (CIS) in its place. While doubts remained over the authority of the Belavezha Accords to dissolve the Union, on December 21, 1991, the representatives of all Soviet republics except Georgia, including those republics that had signed the Belavezha Accords, signed the Alma-Ata Protocol, which confirmed the dismemberment and consequential extinction of the USSR and restated the establishment of the CIS. The summit of Alma-Ata also agreed on several other practical measures consequential to the extinction of the Union. On December 25, 1991, Gorbachev yielded to the inevitable and resigned as the president of the USSR, declaring the office extinct. He turned the powers that until then were vested in the presidency over to Boris Yeltsin, president of Russia. The following day, the Supreme Soviet, the highest governmental body of the Soviet Union, recognized the collapse of the Soviet Union and dissolved itself. This is generally recognized as the official, final dissolution of the Soviet Union as a functioning state. Many organizations such as the Soviet Army and police forces continued to remain in place in the early months of 1992 but were slowly phased out and either withdrawn from or absorbed by the newly independent states.

 

 

Soviet ruble

Soviet ruble
Советский рубль (Russian)
Obverse of 1 ruble (1961) Reverse of 1 ruble (1961)
Obverse of 1 ruble (1961) Reverse of 1 ruble (1961)
ISO 4217 Code SUR
User(s) Soviet Union
Subunit
1/100 kopek (копейка)
Symbol руб
kopek (копейка) к
Plural rublya (gen. sing.), rubley (gen. pl.)
kopek (копейка) kopeyki (gen. sing.), kopeyek (gen. pl.)
Coins 1, 2, 3, 5, 10, 15, 20, 50 kopeks, 1, 5, 10 rubles
Banknotes 1, 3, 5, 10, 25, 50, 100, 200, 500, 1000 rubles
Central bank State Bank of the Soviet Union
Printer Goznak
Mint Leningrad 1921-1991 (temporarily moved to Krasnokamsk 1941-1946), Moscow 1982-1991

 

1924 poltinnik (½ ruble).
1924 poltinnik (½ ruble).

The ruble or rouble (Russian: рубль; see below for other Soviet languages) was the currency of the Soviet Union. One ruble is divided into 100 kopeks, kopecks, or copecks (Russian: копе́йка, plural копе́йки). It also was a reserve currency along with the U.S dollar from the 1950s up until the Soviet collapse in 1991.

 

Etymology

The word "ruble" is derived from the Slavic verb рубить, rubit, i.e., to chop. Historically, "ruble" was a piece of a certain weight chopped off a silver ingot (grivna), hence the name.

Ruble in the Soviet Union

The Soviet currency had its own name in all languages of the Soviet Union, sometimes quite different from its Russian designation. All banknotes had the currency name and their nominal printed in the languages of every Soviet Republic. This naming is preserved in modern Russia; for example: Tatar for ruble and kopek are sum and tien. The current names of several currencies of Central Asia are simply the local names of the ruble.

The name of the currency in the official languages of the 15 republics, in the order they appeared in the banknotes:

Language In local language Transliteration
ruble kopek ruble kopek
Russian рубль копейка rubl’ kopeika
Ukrainian карбованець копійка karbovanets’ kopiyka
Belarusian рубель капейка rubyel’ kapeika
Uzbek сўм тийин so'm' tiyin
Kazakh сом тиын som tiyn
Georgian მანეთი manati
Azerbaijani манат гəпик manat qəpik
Lithuanian rublis kapeika
Moldavian рублэ копейкэ rublă copeică
Latvian rublis kapeika
Kyrgyz сом тыйн som tyin
Tajik сўм sum
Armenian ռուբլի կոպեկ roubli kopek
Turkmen манат manat
Estonian rubla kopikas

Note that the script for Uzbek, Azerbaijani, Moldavian, and Turkmen have switched from Cyrillic to Latin some time around the breakup of the Soviet Union.

Historical Soviet rubles

First Soviet ruble

The first ruble issued for the Socialist government was a preliminary issue still based on the previous issue of the ruble prior to the Russian Revolution of 1917. They are all in banknote form and started their issue in 1919. At this time other issues were made by the white Russian government and other governing bodies. Denominations are as follows: 1, 2, 3, 5, 10, 15, 25, 50, 60, 100, 250, 500, 1,000, 5,000, 10,000, 25,000, 50,000, 100,000. Short term treasury certificate were also issued to supplement banknote issue in 1 million, 5 million, 10 million rubles. These issue was printed in various fashions, as inflation crept up the security features were few and some were printed on one side, as was the case for the German inflationary notes.

Second Soviet ruble, January 1, 1922 - December 31, 1922

Silver rouble of 1922
Silver rouble of 1922

In 1922, the first of several redenominations took place, at a rate of 1 "new" ruble for 10,000 "old" rubles. The chervonets (червонец) was also introduced in 1922.

Third Soviet ruble, January 1, 1923 - March 6 ,1924

A second redenomination took place in 1923, at a rate of 100 to 1. Again, only paper money was issued. During the lifetime of this currency, the first money of the Soviet Union was issued.

Fourth (Gold) Soviet ruble, March 7, 1924 - 1947

A third redenomination in 1924 introduced the "gold" ruble at a value of 50,000 rubles of the previous issue. This reform also saw the ruble linked to the chervonets, at a value of 10 rubles. Coins began to be issued again in 1924, whilst paper money was issued in rubles for values below 10 rubles and in chervonets for higher denominations.

Fifth Soviet ruble, 1947 - 1961

Following World War II, the Soviet government implemented a confiscatory redenomination of the currency to reduce the amount of money in circulation. This only affected the paper money. Old rubles were revalued at one tenth of their face value.

Sixth Soviet ruble, 1961 - 1991

50 kopek type issued 1961-1991.
50 kopek type issued 1961-1991.

The 1961 redenomination was a repeat of the 1947 reform, with the same terms applying. The Soviet ruble of 1961 was formally equal to 0.987412 gram of gold, but the exchange for gold was never available to the general public. This ruble maintained parity with the Pound Sterling until the breakup of the Soviet Union in 1991 when the ruble became the new currency of the Russian Federation.

The Collapse of the Soviet ruble

Slightly more than two years after the fall of the Berlin Wall, the Soviet Union came to an end. In the very beginning of the post-Soviet economic transition quite a lot of people and institutions (including the International Monetary Fund) believed in the possibility to maintain the common currency working for all or at least for some of the former Soviet Union’s countries. Political considerations were one reason for this advocacy. Certain politicians were hoping to rebuild the former empire in some way, or at the very least, maintain “special relations” among former Soviet republics. The idea of the “near abroad” reflects this view in the best way. However economical reasons for maintaining the ruble zone were also put forward. The wish not to disrupt the strong trade relations between former Soviet republics was the most important goal.

The first the break-up of the Soviet Union was not accompanied by any formal changes in monetary arrangements. The Central Bank of Russia was authorized to take over the State Bank of the USSR (Gosbank) on 1 January 1992. It continued to ship USSR ruble notes and coins to the central banks of the other fourteen countries which had formerly been the main branches of Gosbank in the republics. The political reality however was not favorable for maintaining a common currency, and looking back the attempts at keeping the ruble zone intact were very naïve. A strong political consensus in respect to monetary and fiscal targets, the common institution in charge of implementing these targets, and some minimum of common legislation (concerning the banking and foreign exchange regulations) are absolutely necessary conditions to have a common currency. Amidst the economical chaos, mistrust and adjustment to democracy and market economy these conditions were far from reality. The ruble zone was bound to collapse at same point.

During the first half of 1992 a monetary union with 15 independent states all using the ruble existed. Since it was clear that the situation would not last each of them was using its position as “free-riders” to issue huge amounts of money in the form of credit (since Russia held the monopoly on printing banknotes and coins). Ukraine was very active in this. As a result some countries were issuing coupons in order to “protect” their markets from buyers from other states. The Russian central bank responded in July 1992 by setting up restrictions to the flow of credit between Russia and other states. The final collapse of the ruble zone began with the exchange of banknotes by the Central bank of Russia on Russian territory at the end of July 1993. As a result other countries still in the ruble zone (Kazakhstan, Uzbekistan, Turkmenistan, Moldova, Armenia and Georgia) were simply ‘pushed out’. By November 1993 all newly independent states had introduced their own currencies. Except for war-torn Tajikistan (May 1995) and unrecognized Transnistria (1994).

Details on the introduction of new currencies in the newly independent states are discussed below.

Country New
currency
Conversion rate
from ruble
Date introduction new currency Date leaving ruble zone Remarks
Flag of Armenia Armenia Dram 200 22 November 1993  ? -
Flag of Azerbaijan Azerbaijan Manat 10 15 August 1992  ? The Manat was revalued 5,000 to 1 on 1 January 2006.
Flag of Belarus Belarus Ruble 10 May, 1992  ? The Belarusian ruble was revalued 1,000 to 1 on 1 January 2000.
Flag of Estonia Estonia Kroon 10 20 June 1992 22 June 1992 Pegged to German Mark (1 DEM = 8EEK).
The first ‘hardened’ currency in former SU. Estonia plans to introduce the euro in 2011.
Flag of Georgia (country) Georgia Kupon lari 1 5 April 1993  ? The "first Lari" was a temporary currency. It was replaced 2 October 1995 at a rate of 1,000,000 to 1 by the Lari.
Flag of Kazakhstan Kazakhstan Tenge 500 15 November 1993  ? -
Flag of Kyrgyzstan Kyrgyzstan Som 200 10 May 1993 15 May 1993 Until 1 January 2008 only banknotes were issued.
Flag of Latvia Latvia Rublis 1 7 May 1992 20 July 1992 The Latvian ruble was a temporary currency, replaced by Lats at a rate of 200 to 1 in March 1993. Latvia plans to introduce the euro in 2012.
Flag of Lithuania Lithuania Talonas 1 1 May 1992 1 October 1992 The Talonas was a temporary currency, replaced by the Litas at a rate of 100 (Talonas) to 1 on 25 June 1993. The Litas is to be replaced by the Euro in 2010.
Flag of Moldova Moldova , (excl. Transnistria). Cupon 1 1992  ? The Cupon was a temporary currency replaced by the Leu at a rate of 1,000 to 1 on 29 November 1993.
Flag of Russia Russia Ruble 1 1992 July 1993 The Russian ruble was revalued 1,000 to 1 on 1 January 1998
Flag of Transnistria Transnistria Ruble 1 1994  ? The Transistrian Ruble was revauled 1,000,000 to 1 in 2000.
Flag of Tajikistan Tajikistan Ruble 100 10 May 1995  ? As a result of its civil war, Tajikistan was the last country to leave the ruble zone. The Tajikistani ruble was replaced by the Somoni at a rate of 1,000 to 1 on 30 October 2000.
Flag of Turkmenistan Turkmenistan Manat 500 1 November 1993  ? To be revalued in 2009
Flag of Ukraine Ukraine Karbovanets 1 10 January 1992  ? The Karbovanets was replaced by the Hryvnia at a rate of 100,000 to 1 on 2 September 1996.
Flag of Uzbekistan Uzbekistan Som 1 15 November 1993 15 November 1993 The first Som was a transitional currency, revalued 1,000 (old) to 1 (new) on 1 July 1994.

Kyrgyzstan

Kyrgyzstan decided to leave the ruble zone, because it considered the Russian monetary policy to be too inflationary; which was not good for stabilizing the economy. Kyrgyzstan introduced its own currency (the Som) on 10 May 1993. The first issue consisted of banknotes of 0.01; 0.10; 0.50; 1; 5 and 20 Som. After a period of dual circulation the Som became the only legal tender, on 15 May. New series of banknotes were introduced in 1994 and 1997. Starting in January 2008 low denomination banknotes are being phased out and replaced by coins.

Latvia

Latvia was the first country to introduce its own currency: the Latvian ruble. It was the second country to leave the ruble zone entirely. Latvia decided to leave the ruble zone, because it considered the Russian monetary policy to be too inflationary; which was not good for stabilizing the economy. Latvia declared independence on 4 May 1990, this was however not formally recognized by the Soviet-Union until 25 December 1991. On 3 September 1991 the Supreme Council of the Republic of Latvia passed a resolution to raise (or actually restore) the status of the Bank of Latvia, to that of a central bank with the exclusive right to issue the national currency.

In the first four months of 1992 Latvia was adversely affected by the inflation of the ruble. In addition, the outgoing cash payments (with other ex-USSR states) surpassed the incoming money amounts by 122 million rubles (5.9%) in February and in April by 686 million rubles (29.2%), thus causing a very serious shortage of cash. Since money was issued by Russia, the Bank of Latvia was unable to improve the cash circulation in the country. The situation completely depended on the possibility of receiving or buying cash and credit resources from the Russian central bank. It was evident that a crisis could develop, in which the Bank of Latvia would not be able to execute even the most necessary payments. Thus the Monetary Reform Committee of the Republic of Latvia was established, and on 4 May 1992 it passed the resolution on introducing a new temporary currency: the Latvian ruble. Notes were issued on 7 May in the following denominations: 1, 2, 5, 10, 20, 50, 200 and 500 rubles. They were exchanged at par with Soviet rubles. Until 20 July both currencies circulated together, at that day the Soviet ruble ceased to be legal tender and Latvia left the ruble zone entirely. The Latvian ruble was however intended as a temporary currency. It was gradually replaced by the new national currency (the Lats). This process started on 5 March 1993 with the introduction of the 5 lats-banknote and would be completed on 20 July 1998, with the 500 lats-banknote. The successful reform ending in the introduction of the lats facilitated Latvia’s transition to a stabile market economy.

Uzbekistan

Uzbekistan was ‘pushed out’ of the Ruble zone as a consequence of the July 1993 introduction of new banknotes in Russia. Uzbekistan introduced a temporary national currency (the Som) on 15 November 1993. It replaced the ruble at a rate of 1:1. Between July and November 1993 old and new ruble notes circulated together. On 1 July 1994 the temporary Som was replaced by a new, permanent, version of the Som. Old notes were exchanged at a rate of 1.000 to 1. At it’s introduction 7 Som were equal to 1 American Dollar.

 

References

  • Armstrong, John A. The Politics of Totalitarianism: The Communist Party of the Soviet Union from 1934 to the Present. New York: Random House, 1961.
  • Brown, Archie, et al, eds.: The Cambridge Encyclopedia of Russia and the Soviet Union (Cambridge, UK: Cambridge University Press, 1982).
  • Gilbert, Martin: The Routledge Atlas of Russian History (London: Routledge, 2002).
  • Goldman, Minton: The Soviet Union and Eastern Europe (Connecticut: Global Studies, Dushkin Publishing Group, Inc., 1986).
  • Grant, Ted: Russia, from Revolution to Counter-Revolution, London, Well Red Publications,1997
  • Howe, G. Melvyn: The Soviet Union: A Geographical Survey 2nd. edn. (Estover, UK: MacDonald and Evans, 1983).
  • Katz, Zev, ed.: Handbook of Major Soviet Nationalities (New York: Free Press, 1975).
  • Moore, Jr., Barrington. Soviet politics: the dilemma of power. Cambridge, MA: Harvard University Press, 1950.
  • Rayfield, Donald. Stalin and His Hangmen: The Tyrant and Those Who Killed for Him. New York: Random House, 2004 (hardcover, ISBN 0-375-50632-2); 2005 (paperback, ISBN 0375757716).
  • Rizzi, Bruno: "The bureaucratization of the world : the first English ed. of the underground Marxist classic that analyzed class exploitation in the USSR" , New York, NY : Free Press, 1985.
  • Schapiro, Leonard B. The Origin of the Communist Autocracy: Political Opposition in the Soviet State, First Phase 1917–1922. Cambridge, MA: Harvard University Press, 1955, 1966.


On Jul-13-08 at 09:00:19 PDT, seller added the following information:

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