Monetary_reform_in_the_Soviet_Union,_1961
A monetary reform of the Soviet ruble, also known as the Khrushchev reform (after Nikita Khrushchev, the Soviet leader at the time), took place on 1 January 1961. The reform consisted of the devaluation of the ruble against the United States dollar, and the redenomination of the ruble at a ratio of 10 to 1.
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It was the fifth monetary reform in the Soviet Union, succeeding the 1947 reform that occurred in response to the impact of the Second World War.