EVENT INFORMATION

16
December
1947

New ruble notes begin circulation

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📅 16 December 1947 📍 Sovjet-Unie

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.

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Personen in deze gebeurtenis

Soviet residents

retail workers

Organisaties in dit Evenement

State Bank of the USSR