Soviet Union’s monetary reform of 1947


At the end of World War II, Lithuania was once again occupied by the Soviet Union. The Soviet occupation regime was restored in Lithuania and the Soviet rouble replaced the reichsmark. The country was depleted due to the occupations and poverty rates were increasing, so a strict card system of rationed supply of basic foodstuffs for the residents was introduced.

In 1947, a monetary reform was implemented - chervonets was withdrawn from circulation and the old roubles were replaced by new ones at the exchange rate of 10:1. 1, 3 and 5 rouble treasury tickets as well as 10, 25, 50 and 100 rouble bank tickets were introduced. All the previous issues of money were repealed.

By the way, on this issue of banknotes, the denominations were also spelled out in Lithuanian (as well as in the languages of other occupied countries).

Last updated: 2021-06-19