Monetary Unit of the Russian Soviet Federative Socialist Republic, 1919-1921

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Monetary Unit of the Russian Soviet Federative Socialist Republic, 1919-1921

  May 27, 2026  |    Leave a comment

In the turbulent period following the October Revolution, the newly formed Russian Soviet Federative Socialist Republic faced a severe economic problem. During 1919, hyperinflation had ravaged the previous currency, rendering it practically worthless. To address this pressing issue, the introduced a new currency. The new unit was initial… Read More

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