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3 Chervontsa
| Issuer | State Bank of the USSR (Gosbank) |
|---|---|
| Year | 1922 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| In circulation to | Log in to see details |
| Reference(s) | P#141 |
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|---|---|
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| Protection type | Watermark |
| Protection description | Watermark incorporated into the paper, visible on the reverse. |
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| Comments |
The chervonets was introduced in 1922 as the hard-currency anchor of the New Economic Policy — pegged to gold at 7.74 grams of pure gold per unit, matching the pre-revolutionary 10-ruble imperial coin. This 3-chervontsa denomination is unusual in the series; the 1 and 10 chervontsa notes did most of the practical work, and the 3-unit value was issued in comparatively smaller quantities, making survivors proportionally scarcer than the surrounding denominations suggest.
The early Gosbank chervontsy circulated alongside the collapsing sovznak ruble simultaneously — two currencies, two price systems — until the monetary reform of 1924 formally retired the sovznak and unified the system.