Finance:Monetary reform in the Soviet Union, 1961

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10 roubles, 1947
10 roubles 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.[1]

Copper coins were not exchanged, however prices were rounded up.

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