transferable ruble

E144894

The transferable ruble was a supranational accounting currency used to settle trade and financial transactions among member countries of the Soviet-led Council for Mutual Economic Assistance (Comecon).

All labels observed (3)

How this entity was disambiguated

Statements (30)

Predicate Object
instanceOf clearing unit ⓘ
supranational accounting currency ⓘ
abolishedInYear 1991 ⓘ
backedBy basket of goods ⓘ
category international reserve and clearing unit ⓘ
clearingBank International Bank for Economic Cooperation ⓘ
currencyOf Comecon clearing system ⓘ
denominatedIn rubles of account ⓘ
distinctFrom Soviet domestic ruble ⓘ
linked to: Soviet ruble
economicSystem planned economies of Comecon ⓘ
governedBy multilateral agreements within Comecon ⓘ
introducedBy Council for Mutual Economic Assistance ⓘ
introducedInYear 1964 ⓘ
legalTenderStatus not legal tender in domestic retail transactions ⓘ
notPhysicalCash true ⓘ
peggedTo gold (accounting basis) ⓘ
purpose facilitate intra-Comecon trade ⓘ
reduce dependence on Western hard currencies ⓘ
region Eastern Bloc ⓘ
Soviet Union sphere of influence ⓘ
replacedBy hard currency settlements ⓘ
settlementMechanism multilateral clearing through International Bank for Economic Cooperation ⓘ
usedBetween Soviet Union and other Comecon members ⓘ
usedBy Comecon member states ⓘ
Council for Mutual Economic Assistance ⓘ
usedFor multilateral clearing ⓘ
settlement of financial transactions ⓘ
settlement of trade transactions ⓘ
usedInPeriod Cold War era ⓘ
linked to: Cold War
valuationMethod fixed relationship to gold ⓘ

How these facts were elicited

Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

DDM → peggedTo → Soviet ruble (historical clearing arrangements) ⓘ
linked to: transferable ruble
Rat für gegenseitige Wirtschaftshilfe → hasCurrency → Transferable Rubel ⓘ
linked to: transferable ruble