Changing the banknotes of the post-Soviet space on the example of 50 rubles

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

After the collapse of the USSR and until now, the type of banknotes has repeatedly changed. Sometimes for economic reasons - the need to denominate the ruble, sometimes for practical reasons - the introduction of a metal 10-ruble coin. The most interesting story is the transformation of 50 rubles from a banknote to a coin, from a coin back to a banknote.

Pre-reform period (before 1993)

Before the financial reform that took place in 1993, the money of the USSR remained in circulation: banknotes of samples 1961, 1991, 1992. Also in use were the five thousandth and ten thousandth Bank of Russia Tickets, which began to be issued in 1992. During this period, 50 rubles - banknotes of the sample 1991, 1992 or 1961, differ slightly from each other. The main difference between the 50-ruble bills printed in different years of release was the color: if the banknote of 1961 was green, then in 1992 there was red and yellow. The banknotes bear the issue date.

1993 reform

Monetary reform was brewing from the very beginning: from the momentcollapse of the USSR. It was necessary to stop inflation and protect the market from the flow of money from friendly states. In the 12 days ending August 7, 1993, all old banknotes were removed from circulation in Russia. They were replaced by new coins and banknotes. In the history of new Russia, this day was the beginning of the monetary reform. Starting from August 8, they paid only with new Bank of Russia Tickets issued in 1993. Many citizens lost their money because they did not have time to exchange them in the allotted time, and later it was necessary to provide written evidence of the reason for the impossibility of exchanging on time.

After the reform, fifty rubles turned into a coin, and its purchasing power has fallen significantly. A coin of 50 rubles could not even buy bread.

In the next couple of years, the design of more popular banknotes changed slightly, and in 1995 banknotes with improved security elements appeared. At the same time, a 100,000th note appeared, and in 1997, a 500,000th bill appeared due to increased inflation. The issue of a banknote with a face value of 1 million rubles was implied.

Denomination

The situation was stopped by the denomination: the denomination of banknotes decreased by three orders of magnitude. So, 10,000 rubles turned into 10, 50,000 - into 50, and on the rise. At that moment, the usual coin of 50 rubles from a tin became an unusual paper one. Accordingly, if previously fifty rubles. equated to pennies, for which you can’t buy anything, then after changing the denomination for such an amount you could buy a lot, for example, 3-4 loaves of bread.

After the Millennium

The further fate and appearance of the 50-ruble coin did not fundamentally change. Changes took place only in defense. And, of course, inflation greatly changes the basket by 50 rubles. Now for that kind of money you can buy 1 loaf.