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Monetary reform in Russia, 1998

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coins of the Central Bank of Russia (1, 5, 10, 20, 50, 100 roubles and collectible), unlike in the previous two denominations, ceased to be legal tender. The appearance of the new
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launched a monetary reform on January 1, 1998. Preparation started in August 1997. Replacement of the old banknotes occurred gradually, until 2002.
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Rumours of reform occurred regularly and were repeatedly denied. In June 1996, the head of the Working Center for Economic Reform Minister
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had left a negative memory by the three-day exchange of 50 and 100-rouble notes, the new exchange was held progressively, until 2002.
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Coins disappeared from circulation as well as the old 1000-rouble banknote, equivalent to the new 1-rouble coin.
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operations could be performed with and without cash. There was a return to the familiar monetary system.
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after the denomination did not change; only the face value changed with three zeros removed.
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Ural Federal University named after the first President of Russia Boris Yeltsin
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Tennis Academy, named after the first President of Russia Boris Yeltsin
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Economy of the Russian Empire after the abolition of serfdom
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Kyrgyz-Russian Slavic University named after Boris Yeltsin
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50,000 roubles, pre-reform banknote (issued in 1995)
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Presidium of the Supreme Soviet of the Russian SFSR
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news
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Russia
Sergei Pavlenko
denomination
Central Bank of Russia
Sergei Dubinin


Redenominated
Boris Yeltsin
presidential decree
Soviet monetary reform in 1991
redenominated
banknotes
Kopeck
St. George
money circulation
transactions

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