Soviet Ruble


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Soviet Ruble

The currency of the former Soviet Union. It was first issued in 1917 and underwent five redenominations over the course of its history. It was replaced by various currencies, starting in 1991 with the fall of the Soviet Union. See also: Russian ruble.
References in periodicals archive ?
(8) By its end, the countryside held twice the amount of money cities did, fueling bitter anger toward peasant "millionaires." (9) The Soviet ruble was drained of economic value and permeated with social tensions.
He emphasized that Latvia could provide assistance in this regard, since the country has experience in transitioning from the Soviet ruble to the Latvian ruble to the lats.
The Soviet ruble was not the American dollar, whose symbol marked the bags held by the greedy bourgeois depicted in the caricatures published in Soviet newspapers and magazines.
I in fact made it a major concern to explore the problem posed by the divergences of Soviet ruble prices from 'scarcity values' and that because of such divergences I was led to reject the usual expedient in national income measurement, which is simply to value goods and services produced in terms of prices actually prevailing in the country in question.
Some Lithuanians worry that if they move toward an independent monetary policy too quickly, their savings deposits may disappear and the older Soviet ruble notes will suddenly become worthless.
National currency of the Kyrgyz Republic, the som, was introduced on May 10, 1993, replacing the Soviet ruble after Kyrgyzstan got independence following the collapse of the Soviet Union in 1991.
After that, only war-torn Tajikistan continued to use the Soviet ruble. The ruble zone had collapsed, and the Soviet successor states had national currencies over which they had full control.
The refusal of Ukraine to liberalize prices alongside Russia in January 1992, and the introduction of the Ukrainian coupon should have been enough to convince anyone, especially IMF experts in Washington, that the survival of the Soviet ruble was dangerous for Russia.
Use of Soviet rubles was allowed within 5 days until May 14, 1993, the National Bank of Kyrgyzstan said.
While in 1949 the Soviet Union delivered arms and military hardware for a total of 249.9 million Soviet rubles to North Korea, in 1950 these deliveries reached 869.6 million rubles, that is, 3.5 times more than in the previous year.
By the Paris Club's accounting, Cuba owed its members $35.5 billion at the close of 2012, but more than $20 billion of the debt was in old transferable Soviet rubles, 90 percent of which Russia forgave in 2013.
The rest was in two dead currencies: 10.3 billion Soviet rubles and 10.3 billion so-called transfer rubles, a payment vehicle used by the Communist bloc before it fell apart in the late 1980s.