Soviet money: the history of appearance, value, interesting facts

For the first time about such a term as Soviet money, it became known back in 1919. It was at that time that the very first banknotes appeared. Subsequently, coins of various denominations were also minted both from precious metals and from various alloys. Noteworthy is the fact that they were issued not only for a fairly long period (before 1991), but also in various countries.

Place and time of issue of the first Soviet money

So, the first mention of the replacement of old money with Soviet securities appeared back in 1917. However, due to various disagreements between the members of the monetary committee, the replacement period lasted 2 years.

At the same time, we should not forget that Soviet money differed not only from its nominal value, but also from ornamentation, and from a special cliche. The most expensive of them was the image of the coat of arms of the Provisional Government. At those of less value, a common ornament was drawn from geometric figures.

So, the first Soviet banknotes came into circulation only in 1919 by the decision of the Provisional Government and they were issued directly at the mint.

Interesting is the fact that some historians prefer to keep silent, but ignorant people simply do not know. So, some Soviet paper money had an ornament with a swastika. In frequency, this applies to large bills, which later received a special name for credit cards. However, this information concerns only banknotes.

But the coins appeared a little later, the exact date is very difficult to name, but most historians say that this happened in 1924.

Noteworthy is the fact that, despite their coinage inside the country, still most of such money of the USSR was produced abroad, namely in England.

Value of these funds today

Despite the fact that the Soviet Union has not existed for a long time, and consequently, there are no money signs of that time in circulation, they still enjoy a rather high demand. Someone just collects them, and someone earns on buying and selling. At the same time, the price of Soviet paper money today is much higher than the value of coins of the same time. So, for one banknote in face value of 10 rubles you can get from 500 to 1500 rubles. For a coin of 1 ruble nominal value - from 100 to 350 rubles.

This is due to the fact that, firstly, the banknote was originally issued less, and secondly, to save coins for such a long time in good condition is much easier. In addition, most of these Soviet banknotes had a higher nominal value than its metal counterparts.

Very part can be observed at various auctions of the situation when Soviet money, the price of which is high, are sold for a low fee and vice versa. It can happen for various reasons. At the same time, the money that was issued in limited quantities, or those banknotes, whose issue was dedicated to a significant date, have a higher cost.

In any case, in order to profitably sell, buy, or simply correctly assess Soviet money, one should turn to competent people in this matter or to special numismatist clubs. After all, the price of Soviet paper money often changes.

The role of the Soviet currency in the modern economy

Since the termination of participation in the economic turnover of money, the USSR has already passed more than two decades. But even today they have a significant impact on the banking activities of our time. This is explained by the fact that during the collapse of the USSR all bank deposits were officially frozen. At this time, they are paid compensation.

A single tariff, for which such payments would occur, is not available today. The official rate is 86: 1. That is, a contribution of 10 rubles to the USSR today is paid in 860 rubles.

At first glance, such compensation may seem significant. But if you take into account how much the cost of food and communal services has increased, it may seem simply negligible.

But at the same time, the Ministry of Finance is already considering the possibility of reducing such compensation. The calculation will occur in a ratio of 4: 1. And this is even less, but so far there is no reliable information confirming the approval of this proposal.

Conditions for granting compensation

Despite the fact that almost all people kept Soviet money in banks, not all of them can get even a tiny compensation.

So, in banks only people who were born in certain years are compensated. The compensation amount is also calculated taking this factor into account. For example, those born in the interval 1945-1972, compensation is given in a ratio of 3: 1. However, who does not fall into this range, the calculation is based on the ratio of 2: 1.

But even in spite of such rather strict restrictions, not everyone can get their due money under the law. The fact is that for a payment of money to people born in a certain period of time, a specific period is given. If you apply to the bank after it expires, then you can forget about payments in general.

Therefore, in order to avoid such an unpleasant situation, it is advisable to apply to this bank in advance.

Interesting Facts

Surely many heard how people who lived in the USSR today sigh about the prices of that time. And this is not surprising.

First, there was an extremely low level of inflation, so small that it was not even noticeable.

Secondly, despite the low wages people lived fully, because prices were extremely low. For example, what can you buy today for a ruble? The answer is nothing. But in the Union you could buy bread, milk, and a little candy. And all this for one ruble.

Of course, it is already impossible to return these prices back, however, like Soviet money. However, it should be remembered that such prices and such money took place in our history.