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Paper moneys in Russia

In Russia paper moneys have been manufactured for the first time in 1769 at Empress Catherine II. It were bank notes which were accepted in payments on a level with copper and silver coins. Catherine II assumed to limit issue of bank notes by the sum of 100 million rubles, however is more narrow to 1796 this figure has reached 150 million. Bank notes were in Russia in circulation before realisation of currency reform by the Minister of Finance by count E.F.Kankrinym in 1839-1843.

10 rubles of 1794

In the Soviet Russia paper moneys existed in the form of so-called "kerenki", manufactured by Provisional government in August, 1917 denominations of 20 and 40 rubles. In 1919 Government of RSFSR has manufactured settlement signs, later they have been named by soviet notes. Soviet notes have been twice denominated: in October 1921 one ruble of token moneys of the sample of 1922 has been equal to 10 thousand rubles of all before the manufactured token moneys; in November 1922 one ruble of the sample of 1923 has been equal to 100 rubles of the sample 1922 or to 1 million rubles of all before the manufactured token moneys. At these denominations the exchange of token moneys was not spent, in circulation were both again manufactured token moneys, and the signs which are subject to denomination for which certain term of the circulation (till 6 months after the announcement of denomination was positioned). In realisation of currency reform 1922-1924 Soviet government in March, 1924 has manufactured legal tender notes of denomination one, three and five rubles. The parity between a tchervonets and legal tender notes (1:10) was positioned. Thus, the ruble gold content was defined in 1/10 gold contents of a tchervonets, that is 0,774234 g of pure gold. Legal tender notes were supplied with all property of the state, in other words, no concrete maintenance had. The National commissariat of the finance of the USSR was the emitter of legal tender notes. In 1925 issue of legal tender notes has been passed the Government bank of the USSR. Formally legal tender notes were manufactured and were in the USSR in circulation till 1991.

In 1991 token moneys of denomination 1, 3, 5 rubles began to be called "Tickets of the State Bank of the USSR". In 1993 these token moneys have been withdrawn from circulation.

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