Russian Empire

Chervonets a monetary unit of the Russian Empire and Soviet Union. Takes its name from the gold piece "pure gold", gold has a high quality silver, pure gold hue. At different times had different ducat equivalent in rubles. But the gold coins is usually called coins or bank notes in denominations of 10 rubles. This value was fixed after the monetary reform in 1926. In 1924 was released in August, a new sample ticket face value of 3 gold pieces. He had the force of your payment before the reform in 1947, but was almost completely replaced by new banknotes in circulation in 1932, and 1937's.

And as a continuation of the series in 1926 issued the ticket face value of 1 gold piece, in 1928, 2, and 5 gold pieces. In 1932 released new ticket in 3 gold pieces. At that time our country was on track stabilize the currency. Chervonets significantly strengthened the monetary system of the Soviet state, but there were still difficulties in exchanges. Sometimes workers refused to even receive a salary of such embarrassing, but hard ducats. When was launched small coins, I had to place some orders for coinage in Britain since the Soviet factories do not cope with the pace with which the appeal swallowed the coin.

By the beginning of 1925 small coin crisis was overcome. Gold pieces of metal used mainly for foreign trade, but some coins and addressed in Russia. Already in 1925 the ducat equated to 10 rubles. Then later import and export of ducats for the Soviet border was prohibited. In 1937 the appeal launched a new series of banknotes par 1,3,5, and 10 ducats. Portrait of Lenin for the first time appeared on them. Gold coins existed before the reforms of 1947, when they were replaced by new bills denominated in rubles. The exchange was 10:1. It turned out that an old chervonetz match one ruble.