chervonets


Also found in: Encyclopedia, Wikipedia.

chervonets

(tʃəˈvɔːnɛts)
n
(Currencies) (formerly) a Soviet monetary unit and gold coin worth ten roubles
[from Old Russian červonyi, from Old Polish czerwony golden, purple]
References in periodicals archive ?
This arrangement mirrored Germany, in which the gold-based rentenmark circulated alongside the floating fiat papiennark, and Russia, where the gold-based chervonets circulated alongside the fiat ruble.
These measures included the introduction of Chervonets--a gold-based currency that was used generally for external transactions, the cessation and withdrawal of various money surrogates issued by the Ministry of Finance and other state organizations, the fixing of the ruble-to-Chervonets exchange ratio at 10 to 1, and finally, the discontinuation of the issuance of Chervonets.
3) The Chervonets banknotes were used until the currency reform of 1947 (Kravtsovaya, 1983, p.