Editing Hyperinflation (section)

===Soviet Union===
{{Main|Hyperinflation in early Soviet Russia}}

A seven-year period of uncontrollable spiralling inflation occurred in the early [[Soviet Union]], running from the earliest days of the [[Bolshevik Revolution]] in November 1917 to the reestablishment of the [[gold standard]] with the introduction of the [[chervonets]] as part of the [[New Economic Policy]]. The inflationary crisis effectively ended in March 1924 with the introduction of the so-called "gold ruble" as the country's standard currency.

The early Soviet hyperinflationary period was marked by three successive [[redenomination|redenominations of its currency]], in which "new rubles" replaced old at the rates of 10,000:1 (1 January 1922), 100:1 (1 January 1923), and 50,000:1 (7 March 1924), respectively.

Between 1921 and 1922, inflation in the [[Soviet Union]] reached 213%.