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10 Roubles Lottery Bond, 1953
| Issuer | USSR Ministry of Finance |
|---|---|
| Year | 1953 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
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| In circulation to | 1 October 1974 |
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| Obverse description | Log in to see details |
|---|---|
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| Protection type | Watermark |
| Protection description | Geometrical pattern with "С С С Р" wording |
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| Comments |
The 1953 lottery bonds were part of the USSR's long-running internal loan program, through which the state effectively compelled workers to purchase government debt deducted directly from wages — participation was nominally voluntary, but social and workplace pressure made refusal practically impossible. These bonds paid no guaranteed interest; instead, holders entered periodic prize draws, a structure that dressed compulsory lending as a game of chance.
Khrushchev cancelled the entire postwar loan series in 1957, suspending repayment for twenty years. Bondholders received nothing until the late 1970s, and even then at face value — badly eroded by decades of inflation.