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.

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.

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