Lithuanian litas
Immediately following the occupation, Soviet authorities began rapid Sovietization of Lithuania. All land was nationalized. To gain support for the new regime among the poorer peasants, large farms were distributed to small landowners. However, in preparation for eventual collectivization, agricultural taxes were dramatically increased in an attempt to bankrupt all farmers. Nationalization of banks, larger enterprises, and real estate resulted in disruptions in production that caused massive shortages of goods. The Lithuanian litas was artificially undervalued and withdrawn by spring 1941. Standards of living plummeted. All religious, cultural, and political organizations were banned, leaving only the Communist Party of Lithuania and its youth branch. An estimated 12,000 "enemies of the people" were arrested. During the June deportation campaign of 1941, some 12,600 people (mostly former military officers, policemen, political figures, intelligentsia and their families) were deported to Gulags in Siberia under the policy of elimination of national elites. Many deportees perished due to inhumane conditions; 3,600 were imprisoned and over 1,000 were killed.