On the question of what denomination you can answer this way: this reduction in nominal value of banknotes, which produces the state.It so happened that the exchange of money - the process is not so rare, and mostly unpleasant.Only after World War II, the world was carried out over six hundred denominations.If the economy is in a normal state, it is the concept of a purely technical nature.More entertaining denomination of money becomes, if accompanied by hyperinflation.
Types denomination
Note that in some cases, this concept is called the replacement of one currency to the other, while their nominal value remains unchanged.There are full and partial denomination.In the first case there is a replacement of all the existing denominations in the second - Banknote of one or more denominations.The speed of the process of the denomination can be fast, slow, prolonged and indefinite duration.The first type was very popular in Soviet times, and the latter is characteristic of the United States.The effect on the reform of the country's citizens can be "hard" or "soft."
What denomination in the Soviet
In 1913, the Russian ruble is a good and respected currency based on the gold standard, but over time he had to go through a lot.In August 1914, he was stopped by the free exchange of paper money for gold.State Bank was allowed to issue paper money in unlimited quantities, but within reason.The result was outstanding amount of two and a half billion rubles, and by March 1917 it had risen to 9.9 billion.The interim government, trying to stabilize the situation, increased the speed of the printing press, and the money supply has doubled.
Bolsheviks during this period were obsessed with the complete abolition of money, but at the same time to print new, unsecured moneys faster interim government.But it was not enough.For this reason, it has been issued short-term liabilities of the State Treasury.There was little hope that will be possible due to the measures taken to stabilize the economy, but the expectations did not come true: the civil war began.The situation improved only slightly with the proclamation of the NEP, was a monetary reform, whose ideology advocated GY SokolnikovAs part of these reforms have been carried out for three denominations - in 1922, 1923 and 1924.The ruble has become cheaper as a result of 50 thousand times!However, it was decided to issue bank notes backed by gold - gold coins.Despite this, the old money in circulation until 1947.
Stalin monetary reform
What denomination Sokolnikova remember a few already, but the reform carried out by December 14, 1947, probably still alive in the memory of the older generation.The people took only one week to exchange old money for new notes.This course was monstrous - 10: 1.However, bank deposits at more favorable exchange rate, but they were among the few citizens.Along with the monetary reform were canceled cards for basic foodstuffs.All products can be bought freely, but significantly raise prices.The people were brazenly robbed, but the money circulation was stable.
Denomination 1961
reforms introduced in 1961, was not particularly necessary from an economic point of view.It was just one of the periods of the era of "voluntarism".Minting of new coins began in 1958, and the new unit began to print paper at the end of 1959.But what is the denomination of the Soviet Union, citizens have learned only on January 1, 1961, when the exchange rate was again extortionate - all the same 10: 1.People are remembering the previous reform, rushed to the banks in the hope to produce a more profitable exchange, but this time the discount rate was not provided.Money was able to change everything, and the number of characters is not limited to the exchange.However, those who exchanged them too much, the police have taken note, but, in general, the reform took place without noise.
currency reforms in other countries
meaning of the denomination is known worldwide.Money Exchange was used as an instrument of class struggle in the path of socialism.In the postwar period it was reformed in Poland and the Czech Republic.Everyone in this exchange could not exceed 500 monetary units.In those same years in Romania for one new leu I had to pay 20 thousand old nominee signs.There has been, and the denomination of the Belarusian ruble.Total since independence in this country was held for two monetary reforms - in 1994 and 2000.In 2011, a question was raised about the relevance of a third denomination because of the rapid growth of consumer prices, but experts have rejected such necessity.Moreover, the denomination is a complex and expensive project, and the economic situation in Belarus in any way that is not conducive.
Russian reforms in 1997
What is the denomination, the Russians have learned in August 1997 when the government decided to strike out on banknotes rhinestones three zeros.As a result of Russian citizens instantly became millionaires of ordinary poor people.Representatives of the Central Bank in the year denomination convince people that there is no cause for concern, and the reform - it's just a technical act to facilitate settlements in the economy, it has no quantitative or time limits.Officials claimed that the change in the value of banknotes will be a victory over inflation, but in reality to talk about stabilizing the economy was still early.And it became clear as early as August 1998, after the financial crisis.During this period, the ruble has fallen sharply, and inflation has reached tens of percent a year.
Following the reform of Russia's first president promised that the new Russian zeros on the banknotes will be no more.But in 2006, the promise was partly broken with the appearance in circulation banknotes in denominations of five thousand rubles.Will the denomination of the ruble in Russia in 2014, fairly can be said.Professional analysts are skeptical of the rumors about a possible monetary reform in the country.They say that Russia is not interested in the denomination because it is costly event, and money in the budget after the costs of the Olympic Games is not sufficient to carry it out.
Why are there rumors about a possible denomination
According to some sources, the rumor of the 2014 currency reform dissolved the Russian bankers.This can be explained by the fact that as a result of the retraction of the extra zeros on the bills will increase the inflow of bank deposits, since these institutions are exchanged at the most favorable tariff for Russian citizens.But there is another view on this matter.Rumors can spread the realtors, concerned a temporary fall in the value of housing.Experts say that many people still remember about the previous reform of the Soviet period, followed by defaults, and they make haste to get rid of cash, investing it in the purchase of real estate.It's kind of a strategic move in an effort to "revive" the real estate market in Russia.But this is only the arguments, which should be treated with skepticism, if not, then at least to critical.Finally, we note that in the next two years, the denomination is not exactly expected, largely due to lack of funds for its implementation.So that we can sleep in peace!
