Chervonets(redirected from chervontsy)
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Related to chervontsy: Chernovtsy
(1) The general name for gold coins in use in pre-Petrine Russia, for example, ducats and sequins.
(2) A Russian gold coin worth 3 rubles and containing 3.4 g of gold, first issued in 1701; double chervontsy were also coined.
(3) A bank note issued by the State Bank of the USSR from 1922 to 1947 in denominations of 1, 2, 3, 5, 10, 25, and 50 chervontsy. The value of the chervonets was defined as equivalent to 7.74234 g of pure gold, and one chervonets was equal to 10 rubles in treasury notes. The monetary reform of 1947 replaced the chervontsy with new bank notes in ruble denominations.