CURRENCY REFORM IN THE USSR.

The article reports on the effects of currency reform in the Soviet Union on the citizens and the economy. Rationing of food and consumer goods in Russia, which began in 1941 when the country entered World War II, ended in 1947 when ration cards were abolished by reform legislation. Conversion of the ruble and public debt increased purchasing power and normalized the Russian economic system. Factors influencing economic reform were the inflationary pressures before and during the war, excess demand that caused higher prices, and expansion of the money supply after the war to finance reconstruction. The currency reform decree, which was released by the Council of Ministers and the Central Committee of the Communist Party, established a unified price system in the U.S.S.R.