ETYMOLOGY OF THE WORD CHERVONETS
From Old Russian červonyi, from Old Polish czerwony golden, purple.
10 ENGLISH BOOKS RELATING TO «CHERVONETS»
Discover the use of
chervonets in the following bibliographical selection. Books relating to
chervonets and brief extracts from same to provide context of its use in English literature.
1
The Turning Point: Revitalizing the Soviet Economy
To replace the depreciated sovznaki, which were in reality no longer in
circulation, a new monetary unit was introduced in 1922 — the chervonets. The
chervonets had gold content and a gold price (1 chervonets = 10 pre-
revolutionary gold ...
Nikolai Shmelev, Vladimir Popov, 1990
2
Russian Currency and Finance: A Currency Board Approach to ...
The chervonets enabled the Soviet Union to avoid the collapse inthe real
moneysupply108 and production thatoccurred inother European hyperinflations
ofthe time,most notablyin Germany (Arnold 1937: 1289, 18698, 22630; Rostowski
and ...
Steve H. Hanke, Lars Jonung, Kurt Schuler, 2005
3
The Four Ends of the Greek Hyperinflation of 1941-1946
In this example, uniquely, the chervonets, a stable value alternative currency,
was neither imported nor illegal, but was created by the Soviet state to circulate
alongside the fast depreciating paper ruble or sovznak. Consequently, the state ...
Michael R. Palairet, 2000
4
Soviet Policy in Public Finance, 1917-1918
pounds sterling, received in exchange for it at home a corresponding amount in
chervontsy calculated on a fixed par basis, which was about 1 chervonets to $5 .
00. The State Bank found it possible to carry out similar operations in the ...
Soviet Policy in Public Finance
The State Bank, which had been re-established in 1921, was authorized in 1922
to issue chervonets bank notes. The chervonets — equal to ten gold rubles, or
about $5.00 * — was to be backed by a quarter of its value in gold, platinum, ...
... out during 1922—23 reestablished an orderly monetary system. The
chervonets was introduced as the standard unit and the basis of the state bank's
note issue; the chervonets ruble, corresponding to one-tenth of a chervonets, was
made a ...
Britannica Educational Publishing, Duignan, Brian, 2012
7
The Education of a Russian Statesman: The Memoirs of ...
the payment of the debts, which at that time had reached almost twenty thousand
chervonets. They were also to pay each member of the family a definite income.
The old prince reserved three thousand chervonets a year for himself and ...
Nikolaĭ Karlovich Girs, Charles Jelavich, Barbara Jelavich, 1962
8
Entrepreneurship and Innovation: An Economic Approach
omy (for the sovznak circulates in the countryside, but has been displaced in
large transactions by the chervonets) , then the picture becomes all the sore
cleas an. striking. Both the objective position and the policy of preserving the
worker ...
9
Red Globalization: The Political Economy of the Soviet Cold ...
That year, the Soviet Union was a net importer of grain, reducing the state's hard-
earned reserves of gold and hard currency to levels that endangered the
chervonets' gold peg.35 The loss of reserves along with the end of the non-
inflationary ...
Oscar Sanchez-Sibony, 2014
10
The Lost Politburo Transcripts: From Collective Rule to ...
The chervonets, or ten-ruble note, bore a specification of its gold content. While
citizens could not exchange notes for gold in banks, the People's Commissariat
of Finance took pains to ensure that the chervonets price of gold on legal or ...
Paul R. Gregory, Norman M. Naimark, 2008
4 NEWS ITEMS WHICH INCLUDE THE TERM «CHERVONETS»
Find out what the national and international press are talking about and how the term
chervonets is used in the context of the following news items.
Tunisia Hotel Attack Kills 27; Several Gunmen Came by Boat
"I am in the lobby of our hotel at the moment. We have no information," Russian tourist Pyotr Chervonets told the BBC Russian News Service. «Newsmax, Jun 15»
On the resettlement of Armenians from Persia to Yerevan and the …
30 thousand rubles and 2 thousand chervonets which are allocated as benefits to the new residents will be used much more reasonably. «vestnik kavkaza, Jun 15»
From the history of Armenian coins. Money circulation in USSR
At that time, these were bank notes with the value of 1, 3, 5, 10 and 25 chervontsy (chervonets – a ten-ruble bank note) and gold coin, also ... «PanARMENIAN.Net, Nov 13»
Putting Money Where Your Russian Is
... grosh, grivennik, altyn, kopeika (kopeck), imperial, poluimperial, chervonets and the gold ruble, to name those I haven't mentioned yet. «The Moscow Times, Sep 13»
