Penny saves the ruble

1535 is the birthday of a penny. Contributed to this mother of Ivan the Terrible, Elena Glinskaya. Making a penny was a necessity rather than a natural desire. At that time, the cunning Russian people began to mock the state’s banknotes and cut off pieces from coins, there most significantly undermining the country’s economy. Therefore, it was decided to correct the situation and withdraw all the banknotes that were in circulation at that time and introduce a new penny.

Of course, the appearance of the first penny was very interesting. Continue reading →