page_title: Soviet ruble
section_title: Coins
hierarchical_section_title: Soviet ruble / Historical Soviet rubles / Third Soviet ruble, January 1, 1923 – March 6, 1924 / Coins
context_page_description: The Soviet ruble was the currency of the Union of Soviet Socialist Republics. One ruble was divided into 100 kopeks. Many of the ruble designs were created by Ivan Dubasov. The production of Soviet rubles was the responsibility of the Federal State Unitary Enterprise, or Goznak, which was in charge of the printing of and materials production for banknotes and the minting of coins in Moscow and Leningrad. In addition to regular currency, some other currency units were used, such as several forms of convertible ruble, transferable ruble, clearing ruble, Vneshtorgbank cheque, etc.; also, several forms of virtual rubles were used for inter-enterprise accounting and international settlement in the Comecon zone. In 1991, after the breakup of the USSR, the Soviet ruble continued to be used in the post-Soviet states, forming a "ruble zone", until it was replaced with the Russian ruble in September 1993.
context_section_description: The first coinage after the Russian civil war was minted in 1921–1923 with silver coins in denominations of 10, 15, 20 and 50 kopecks and 1 ruble. Gold chervonets were issued in 1923. These coins bore the emblem and legends of the RSFSR (Russian Soviet Federative Socialist Republic) and depicted the famous slogan, "Workers of the world, Unite!". The 10, 15, and 20 kopecks were minted with a purity of 50% silver while the ruble and half-ruble were minted with a purity of 90% silver. The chervonetz was 90% gold. These coins would continue to circulate after the RSFSR was consolidated into the USSR with other Soviet Republics until the discontinuation of silver coinage in 1931.
caption: 1924 poltinnik (½-ruble).
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