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

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

May 4, 2026 Category: Blog

In this turbulent era following its October Revolution, the newly formed Russian Soviet Federative Socialist Republic faced a critical economic crisis. During 1919, hyperinflation had devastated the previous currency, rendering it practically worthless. To address this acute issue, the introduced a new financial unit. A new unit was initially know

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