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Russia Hyperinflation Banknotes

 

10,000,000 Rubles, 1921
Treasury Short-Term Certificate

10,000,000 rubles 1921 uniface

Enlarge: Uniface10,000,000 rubles 1921 uniface

 

Courtesy Oleg Schulakov

 

Transcaucasia 10 Milliard Rubles, 1924
(10,000,000,000 Rubles)

Transcaucasia 10 Millard Rubles, 1924 front
Transcaucasia 10 Millard Rubles, 1924 back

Enlarge: FrontTranscaucasia 10 Millard Rubles, 1924 front
 & BackTranscaucasia 10 Millard Rubles, 1924 back

 

Courtesy Alan Kaim

 

500,000 Rubles 1995 (1997)

500,000 rubles 1995 (1997) front
500,000 rubles 1995 (1997) back

Enlarge: Front500,000 rubles 1995 (1997) front
 & Back500,000 rubles 1995 (1997) back

 

Courtesy Omer Yalcinkaya

Back to Hyperinflation Banknotes

Russia suffered a period of hyperinflation during the Civil War from 1917 to 1922. The highest denomination in 1912 was 1,000 Rubles. By 1921 it was 10,000,000 Rubles. The highest denomination ever issued by any of the Soviet Republics was a 1924 Transcaucasia 10 Milliard (10,000,000,000) Ruble note.

Russia experienced another inflation shortly after the dissolution of the Soviet Union in 1992. The highest denomination before 1992 was 1,000 Rubles. By 1997, it was 500,000 Rubles. In the 1998 currency reform, 1 new Ruble was exchanged for 1,000 old Rubles.

 

 

 

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