Monetary reform in the Soviet Union, 1991

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Monetary reform of 1991 (known also as Pavlov Reform) was the last such reform in the Soviet Union. The reform retired and confiscated large-denomination bills to attempt to dampen inflation and combat the black market within the Soviet Union.^[1] It began on January 22, 1991. Its architect was Minister of Finance Valentin Pavlov, who was to become the last prime minister of the Soviet Union on January 14, 1991.