МОНЕТНОЕ ДЕЛО В НОВГОРОДЕ В СЕРЕДИНЕ XVII В.

Abstract

The article examines the history of coinage in Novgorod during the monetary reforms of Tsar Alexei Mikhailovich in the middle of the XVII century. The development of commodity monetary relations, the growth and strengthening of the Russian market, the reinforcement of state power and the annexation of the Ukraine in 1654 made it essential to improve the monetary system. The aim of the monetary reform of 1654 was to introduce a set of large and small denominations, the use of copper as a coinage metal. The accelerated issue of copper coins led to inflation, which in turn produced the disruption of the economy and the Copper Riot 1662 in Moscow.