from Wiktionary, Creative Commons Attribution/Share-Alike License

  • n. Any of several former currencies of Russia: applied to various foreign gold coins prior to the reign of Peter I of Russia, then to a Russian gold coin of 1701-1757, and finally to a 1922 currency of the Soviet Union.


Russian Черво́нец, derived from червонное золото, "pure gold". (Wiktionary)


  • In course of time the financial system was recast on a semicapitalistic basis: the state bank was given the right to issue bills backed either by goods or by foreign bonds; attempts were made to stabilize the currency (the devaluated paper money was replaced by the new chervonets bills).

    1919, March 2


Log in or sign up to get involved in the conversation. It's quick and easy.