Monetary reform in the Soviet Union, 1961
Appearance
![](http://upload.wikimedia.org/wikipedia/commons/thumb/b/bb/10roubles1947b.jpg/250px-10roubles1947b.jpg)
![](http://upload.wikimedia.org/wikipedia/commons/thumb/c/cc/SUR_10_1961_obverse.jpg/250px-SUR_10_1961_obverse.jpg)
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.
References
- ^ Денежная реформа 1961 года. Положительные и отрицательные стороны "Monetary reform of 1961. Pluses and minuses."