Timeline

• around 1921
• Production of overprinted Russian 10, 5, 3, 1 Rubles imperial banknotes (overprinted texts in Tuvan and Russian not clear), maybe spurious.
• 25.07.1925
• Law on the establishment of the Tuvan Trade and Industry Bank (Tuvinbank); effective upon constiturion of the bank on 08.09.1925.
• after 1925
• Gradual introduction of Soviet banknotes and coins to replace the Chinese silver Dollars and Russian imperial paper money; the rate used was 1 Chinese Tael silver = 1.43 Soviet Rubles (1924)
  - Around 1930, Soviet banknotes may have been overprinted for the purpose, but no specimens are known.

Timeline

• ??.12.1933
• Resolution of the Lesser People's COngres (Khural) on the introduction of a national currency; effective immediately (?)

Geldzeichen

• 10.12.1933
• Start of currency exchange:
  - 10.12.1933: Start of overprinting of the circulating Soviet bank and treasury notes and issuance of subsidiary coins
  - May-June 1934: End of overprinting period (planned for 15.01.1934)
  - 01.01.1936: Start of issuance of regular banknotes by Tuvinbank
  - ??.??.1936: Demonetization of the overprinted Soviet notes.
• 13.02.1941
• Bank resolution to replace the circulating banknotes (prepared during 1940)
  - 01.03.1941: Start of issuance of the new banknotes and exchange on par (and without limit)
  - 01.09.1941 (planned for 01.08.1941): End of exchange period and demonetization of the former notes.

Valuation Regimes

• 1933-1944
• Fixed rate against Soviet Ruble (1924), did not follow the devaluation against gold of July 1937

Timeline

• 01.01.1945
• Start of currency exchange after Tuva joined the USSR:
  - 01.01.1945: Start of issuance of Soviet paper money and coins and exchange at a rate of 1 Soviet Ruble (1924) = 3.50 Tuvan Aksha
  - 30.04.1945: End demonetization of the Tuvan currency.