These Russian 1 Ruble Banknotes are from the last year that Soviet Ruble was in existence. After the fall of the Soviet Union, a new Russian Ruble was issued to replace these Soviet Rubles.p>
The Monetary Reform of 1991, brought about the seventh Soviet Ruble. It was carried out by Mikhail Gorbachev and was known also as the Pavlov Reform. It was the last of such in the Soviet Union and began on January 22, 1991. Its architect was Minister of Finance Valentin Pavlov, who also became the last prime minister of the Soviet Union. Once again the exchange rate was 10:1, and like those of 1924 and 1947 had confiscatory attributes. The details of the exchange included a brief period to exchange old rubles for new – for three days from 23 to 25 January (Wednesday to Friday) and with a specific limit of no more than 1,000 rubles per person − the ability to exchange other bills considered in the special commissions to the end of March 1991.
Banknotes for this ruble were nearly identical in background color and size for all denominations compared to the 1961 series, but included more color and heightened security features. This time however, new 200, 500, and 1000 rubles were introduced along with 1, 3, 5, 10, 25, 50, and 100 rubles.
After the breakup of the Soviet Union, many newly independent republics chose to continue circulating soviet rubles until the introduction of the new Russian ruble in 1993.
* GEM Uncirculated condition
* Last year that a Soviet 1 Ruble was ever printed.
* Last issue by U.S.S.R. before the issuance of the New Russian Ruble.
* 1991 Russian Soviet Rubles are getting tougher to find in uncirculated condition.
The obverse of the bill features the arms at upper left and watermark stars.
The reverse of the bill features the denomination, CCCP and other design elements.
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