Where and when did wine labels function as money? Detailed answer

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Where and when did wine labels function as money? Detailed answer

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Where and when did wine labels serve as money?

After the October Revolution, there were absolutely no banknotes in Yakutia. Enlightener Aleksey Semyonov solved this problem in an original way - having found a large stock of multi-colored labels for wine bottles in the warehouse, he designated them as money. Labels from Madeira received a face value of 1 ruble, from Cahors - 10 rubles, from porto - 25 rubles

Semyonov applied each inscription on the label by hand, certifying it with his signature and seal. Since 90% of the population of Yakutia were illiterate, such bills turned out to be quite a suitable means of payment.

After the establishment of Soviet power in the republic in 1922, all wine money was redeemed.

Authors: Jimmy Wales, Larry Sanger

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