Monetary reform in the Soviet Union, 1991

Monetary reform of 1991 (known also as Pavlov Reform) was the last of such in the Soviet Union. The reform had a confiscatory character. It began on January 22, 1991. Its architect was Minister of Finance Valentin Pavlov, who also became the last prime minister of the Soviet Union.

Monetary reform in the Soviet Union, 1991

Monetary reform of 1991 (known also as Pavlov Reform) was the last of such in the Soviet Union. The reform had a confiscatory character. It began on January 22, 1991. Its architect was Minister of Finance Valentin Pavlov, who also became the last prime minister of the Soviet Union.