EVENT INFORMATION

16
December
1947

New ruble notes begin circulation

← Back to Dashboard
📅 16 December 1947 📍 Soviet Union

The monetary reform took effect, with exchange limits and conversion rules affecting savings, wages, and cash economies. Official claims of stabilization must be read alongside the unequal burden on people who held cash outside state institutions.

Log in to like or bookmark this story.
🔖 Bookmark

People in this event

Soviet residents

retail workers

Organizations in this Event

State Bank of the USSR