The Gold Chervonets: The Story of a Peasant Currency Rejected by the World
The birth of the gold shervontz amidst chaos: As is our custom, we try to connect the present with the past and currencies with history. On the occasion of May Day, International Workers' Day, we will tell you a story linked to workers and peasants in one way or another: the story of the Soviet Union's gold shervontz. The shervontz first appeared as currency for Soviet Russia in 1922 amidst the economic chaos that gripped the country at the time.
February 21, 2026