Definition of chervonets
plural chervontsi
or chervontzi
or tchervontsi
or tchervontzi
\-ntsē\
1
: the gold 10-ruble coin of Soviet Russia authorized by decree in 1922 and first struck in 1923
2
: a unit of value equivalent to one gold chervonets designated by law of 1924 as the basic monetary unit of the U.S.S.R. but never such in practice
3
: a currency note representing one chervonets
