header Notes Collection
Top

State loan. 25 Rubles 1956, Union of Soviet Socialist Republics

no number in katalog -
Years of issue: 1956
Edition: --
Signatures: no signature
Serie: No Serie
Specimen of: 1956
Material: Paper
Size (mm): 145 х 108
Printer: Goznak, Московская печатная фабрика - филиал ФГУП "Гознак", Москва

* All pictures marked magnify are increased partially by magnifying glass, the remaining open in full size by clicking on the image.

** The word "Specimen" is present only on some of electronic pictures, in accordance with banknote images publication rules of appropriate banks.

State loan. 25 Rubles 1956

Description

Watermark:

watermarkWord "СССР" ("USSR") in frame.

Avers:

State loan. 25 Rubles 1956

The State loan of development of the USSR national economy. The bond.

Since 1949 the government of USSR once a year have produced a state loans. By 1957, the total amount of existing loans exceeded 300 billion Rubles, and the amount paid on subscription winnings loans increased to a size, that made the further issue of loans unprofitable for the state budget. Therefore, in 1957, it was discontinued the issuance of new loans by subscription and at the same time suspended all operations on previously issued loans for 20 years. Rounding out this period is now fully repaid a loan of economic development issue in 1957

The bond - Emission debt security paper, whose owner is entitled to receive from the issuer of the bonds within the specified period of its nominal value in cash or in the form of a property equivalent. The bond may also provide the holder's right to receive a fixed interest (coupon) from its nominal value, or other proprietary rights.

The bonds may be sold cheaper than the nominal value (at a discount). General Income on Bonds are the sum of interest payments (coupons) and the size of the discount for the purchase.

Bonds are an additional source of funds for the issuer. Often, their production is targeted - for the funding of specific programs or facilities, the income from which further serves as a source of income to repay the bonds.

The economic essence of the bond is very similar to loans. The bonds allow you to plan the level of costs for the issuer, and the level of income for the buyer, but do not require collateral execution and simplify the procedure of transfer of claims to a new lender. In fact, the bond market are carried out medium- and long-term loans, usually for a period of 1 year to 30 years. (www.russian-money.ru .rus)

Soviet coat of arms is in center.

gerb

The State Emblem of the Soviet Union (Государственный герб Советского Союза, Gosudarstvenny gerb Sovetskogo Soyuza) was adopted in 1923 and was used until the dissolution of the Soviet Union in 1991. Although it technically is an emblem rather than a coat of arms, since it does not follow heraldic rules, in Russian it is called герб (gerb), the word used for a traditional coat of arms.

The state emblem shows the traditional Soviet emblems of the Hammer and Sickle and the Red Star over a globe, and two wreaths of covered by the ("Workers of the world, unite!") in the official languages of the Soviet Republics, in the reverse order they were mentioned in the Soviet Constitution.

Third version (1946-1956).

The number of republics in the USSR became 16 after September 1939, before the Great Patriotic War began in June 1941, but the state emblem was changed to reflect this only after the war. By a Decision of Presidium of the Supreme Soviet of the USSR on June 26, 1946, all 16 constituent republics were represented on the emblem. The USSR State Motto was inscribed on 16 ribbons in 16 languages. The (Estonian, Latvian, Lithuanian, Moldavian, and Finnish were added to the previous version). Inscriptions in Azerbaijani, Turkmen, Uzbek, Tajik, Kazakh, Kyrgyz languages were updated due to the transfer from Latin to Cyrillic script of the respective languages within the USSR.

Lower - the Hammer and Sickle.

Denominations in numerals are in all corners. In words centered.

Revers:

State loan. 25 Rubles 1956

Terms of issue of the state loan of economic development of the USSR (1956 Edition).

Comments:

Bond loan recovery and economic development of the USSR's planned releases 1947-1956 to repay within 20 years after their release. But, by the decision of the Central Committee of the CPSU and the USSR Council of Ministers, on April 19, 1957 it was decided to postpone the repayment of previously issued loans for another 20 years. It was envisaged to start paying off the debt for deferred loans since 1977. In fact, repayment was started in 1974 and completed in 1990. Thus, by the USSR Council of Ministers decree from February 16, 1990 № 169, it was decided to start paying all government bonds of National Economy of the USSR (starting from release of 1954) to 22 February 1990. Fully calculations on borrowing issues 1947-1956 years were completed by 15 December 1991.

According to the Ministry of Finance of Russian federation, the calculations on bonds government loans, issues 1947-1956, did not take place.