V. I.   Lenin



Written: Written in the first half of July 1918
Published: First published in 1945 in Lenin Miscellany XXXV. Printed from the originals.
Source: Lenin Collected Works, Progress Publishers, 1975, Moscow, Volume 44, page 116.
Translated: Clemens Dutt
Transcription\Markup: R. Cymbala
Public Domain: Lenin Internet Archive.   You may freely copy, distribute, display and perform this work, as well as make derivative and commercial works. Please credit “Marxists Internet Archive” as your source.README



There are complaints that you have still not given the text for the new money, thus making it difficult to prepare the models and test them. Give it immediately, retaining the old text about being exchangeable for gold (the exchange will be suspended by separate decrees).


Make a Soviet inscription.


1) Give available models to the best experts.

2) Order counterfeit.

3) Order designs (of all denominations) from the Board of the People’s Commissariat for Education.

4) Have Popovitsky draw up an estimate:

(a) how many such bank-notes can be produced in one month with the usual, i.e., the normal, assortment of denominations 

(a1) on the Orlov machines, 

(a2) on the ordinary flat-bed machines, 

(a3) high denomination notes (i.e., notes of high value) on Orlov machines, low denomination notes on ordinary flat-bed machines?

(b) what is the value of the new bank-notes compared with the old?

(c) when precisely will it be possible to make the cliches (that is, how many days after the design is endorsed) and how long before beginning to produce the new banknotes?

(d) will the new method require new materials and auxiliary substances, etc., as compared with the old?

What will be the cost of forms (for all official papers of Soviet authorities)?


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