EVENT INFORMATION

14
December
1947

Monetary reform and end of rationing announced

← Back to Dashboard
๐Ÿ“… 14 December 1947 ๐Ÿ“ Soviet Union

A government and party decree exchanged old rubles for new ones and ended wartime rationing. The measure restructured household savings and cash holdings as the state sought to stabilize the currency; losses were unevenly distributed among residents.

Log in to like or bookmark this story.
๐Ÿ”– Bookmark

People in this event

Soviet households

workers

pensioners

Organizations in this Event

Council of Ministers

Communist Party Central Committee