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chervonets

noun cher·vo·nets \ chərˈvȯnə̇ts \
variants: or chervonetz or tchervonets or tchervonetz

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

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Origin and Etymology of chervonets

Russian chervonets, alteration of Old Russian červonyi, from Old Polish czerwony golden, purple

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