Finance:Monetary reform in the Soviet Union, 1961
The monetary reform in the Soviet Union of 1961 (known as the "Khruschev's reform") was carried out since January 1, 1961. Internally the redenomination was 10:1, with all prices, salaries, etc., changed on the same scale. However the gold standard was increased only 4.4:1, making 1 US dollar equal to 90 kopecks.
Copper coins were not exchanged, however prices were rounded up.
- Денежная реформа 1961 года. Положительные и отрицательные стороны "Monetary reform of 1961. Pluses and minuses."
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