Your State Treasury Note is similar to the German Rentenmark, which was based on mortgaged public property up to a sum of 3.2 Billion Goldmarks.

The State Bank Note was similar to the German Reichsmark, which was, theoretically, pegged to gold/US dollar.

In theory an inflation of the Reichsmark would not effect the value of the Rentenmark, since the value of the property would automatically rise with the inflation.

The theory also assumes that the population trusts the issuing authority not to print more banknotes than the value of the mortgaged property.

The reason to retain both was the hope that the population would remain confident in the value of the State Treasury Note (Rentenmark), even if the value of the State Bank Note (Reichsmark) radically lost value.

The Soviet Rubel, togeather with the currencies of all the other Socialist countries at that time, were non-convertable currencies. They were only intended for internal usage.

Your State Treasury Note is similar to the German Rentenmark, which was based on mortgaged public property up to a sum of 3.2 Billion Goldmarks.

The State Bank Note was similar to the German Reichsmark, which was, theoretically, pegged to gold/US dollar.

In theory an inflation of the Reichsmark would not effect the value of the Rentenmark, since the value of the property (in Reichsmark) would automatically rise with the inflation.

The theory also assumes that the population trusts the issuing authority not to print more banknotes than the value of the mortgaged property.

The reason to retain both was the hope that the population would remain confident in the value of the State Treasury Note (Rentenmark), even if the value of the State Bank Note (Reichsmark) radically lost value.

The Soviet Rubel, togeather with the currencies of all the other Socialist countries at that time, were non-convertable currencies. They were only intended for internal usage.

Your State Treasury Note is similar to the German Rentenmark, which was based on mortgaged public property up to a sum of 3.2 Billion Goldmarks.

The State Bank Note was similar to the German Reichsmark, which was, theoretically, pegged to gold/US dollar.

In theory an inflation of the Reichsmark would not effect the value of the Rentenmark, since the value of the property would automatically rise with the inflation.

The theory also assumes that the population trusts the issuing authority not to print more banknotes than the value of the mortgaged property.

The reason to retain both was the hope that the population would be confident in the value of the State Treasury Note (Rentenmark), even if the value of the State Bank Note (Reichsmark) radically lost value.

The Soviet Rubel, togeather with the currencies of all the other Socialist countries at that time, were non-convertable currencies. They were only intended for internal usage.

Your State Treasury Note is similar to the German Rentenmark, which was based on mortgaged public property up to a sum of 3.2 Billion Goldmarks.

The State Bank Note was similar to the German Reichsmark, which was, theoretically, pegged to gold/US dollar.

In theory an inflation of the Reichsmark would not effect the value of the Rentenmark, since the value of the property would automatically rise with the inflation.

The theory also assumes that the population trusts the issuing authority not to print more banknotes than the value of the mortgaged property.

The reason to retain both was the hope that the population would remain confident in the value of the State Treasury Note (Rentenmark), even if the value of the State Bank Note (Reichsmark) radically lost value.

The Soviet Rubel, togeather with the currencies of all the other Socialist countries at that time, were non-convertable currencies. They were only intended for internal usage.