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.
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What did the December 1947 monetary reform do?
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The decree reformed currency and ended wartime ration cards.
The 1947 currency reform ended rationing.
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The decree combined monetary reform with the end of ration cards.