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Kolion

The kolion is a local currency created to support the farmers of Kolionovo, a small town located 125 km south-east of Moscow. The currency gained notoriety after the creator of the currency, Mikhail Shlyapnikov, was arrested and the kolion was declared illegal tender in Russia.

Design edit

Kolion notes are one-sided and come in denominations of one, three, five, ten, twenty-five and fifty Kolion notes. The printed money is multicoloured and each note contains the words;

“This note is the property of the Kolionovo exchequer. It does not undergo inflation, deflation, stagnation or other falsifications. It is not a means of enrichment or speculation. It is supported by the resources of Kolionovo. Or maybe it’s a fake…”[1]

History edit

The kolion was created by Mikhail Shlyapnikov in 2014.[2] The kolion is pegged so that 1 kolion is equivalent to 10 kg of potatoes[3] and 2 kolions are pegged at 10 eggs.[citation needed] Because the farmers of Kolionovo received rubles only twice a year, the kolion was created as an alternative currency accepted only in Kolionovo.[4]

In June 2015, Shlyapnikov was arrested and the kolion was declared illegal.[5][6]

References edit

  1. ^ https://qz.com/429536/the-absurd-trial-of-a-russian-farmer-who-invented-his-own-inflation-proof-currency
  2. ^ "Russian prosecutors seek to ban 'surrogate money' known as kolions". Russian Legal Information Agency. 1 June 2015. Retrieved 11 June 2016.
  3. ^ Ivan Nechepurenko (2 June 2015). "Anarchist Russian Farmer to Defend His Village Currency in Court". The Moscow Times. Retrieved 11 June 2016.
  4. ^ Andrei Kozenko (12 June 2015). "Russian farmer on trial for printing his own monopoly money". Meduza. Retrieved 11 June 2016.
  5. ^ "Russia: Farmer's 'village currency' lands him in court". BBC. 5 June 2015. Retrieved 11 June 2016.
  6. ^ "Anger in Moscow as Russian village prints own currency". Al Jazeera. 28 June 2015. Retrieved 11 June 2016.

8. Russian Farmer Alters Rural Economy With Virtual Currency, as Moscow Watches Warily. by Thomas Grove. The Wall Street Journal, April 22, 2018

External links edit

  • A farm outside of Moscow gets a new chance at life in the crypto zone - RBTH


kolion, topic, this, article, meet, wikipedia, general, notability, guideline, please, help, demonstrate, notability, topic, citing, reliable, secondary, sources, that, independent, topic, provide, significant, coverage, beyond, mere, trivial, mention, notabil. The topic of this article may not meet Wikipedia s general notability guideline Please help to demonstrate the notability of the topic by citing reliable secondary sources that are independent of the topic and provide significant coverage of it beyond a mere trivial mention If notability cannot be shown the article is likely to be merged redirected or deleted Find sources Kolion news newspapers books scholar JSTOR September 2022 Learn how and when to remove this template message This article needs to be updated Please help update this article to reflect recent events or newly available information May 2017 The kolion is a local currency created to support the farmers of Kolionovo a small town located 125 km south east of Moscow The currency gained notoriety after the creator of the currency Mikhail Shlyapnikov was arrested and the kolion was declared illegal tender in Russia Contents 1 Design 2 History 3 References 4 External linksDesign editKolion notes are one sided and come in denominations of one three five ten twenty five and fifty Kolion notes The printed money is multicoloured and each note contains the words This note is the property of the Kolionovo exchequer It does not undergo inflation deflation stagnation or other falsifications It is not a means of enrichment or speculation It is supported by the resources of Kolionovo Or maybe it s a fake 1 History editThe kolion was created by Mikhail Shlyapnikov in 2014 2 The kolion is pegged so that 1 kolion is equivalent to 10 kg of potatoes 3 and 2 kolions are pegged at 10 eggs citation needed Because the farmers of Kolionovo received rubles only twice a year the kolion was created as an alternative currency accepted only in Kolionovo 4 In June 2015 Shlyapnikov was arrested and the kolion was declared illegal 5 6 References edit https qz com 429536 the absurd trial of a russian farmer who invented his own inflation proof currency Russian prosecutors seek to ban surrogate money known as kolions Russian Legal Information Agency 1 June 2015 Retrieved 11 June 2016 Ivan Nechepurenko 2 June 2015 Anarchist Russian Farmer to Defend His Village Currency in Court The Moscow Times Retrieved 11 June 2016 Andrei Kozenko 12 June 2015 Russian farmer on trial for printing his own monopoly money Meduza Retrieved 11 June 2016 Russia Farmer s village currency lands him in court BBC 5 June 2015 Retrieved 11 June 2016 Anger in Moscow as Russian village prints own currency Al Jazeera 28 June 2015 Retrieved 11 June 2016 8 Russian Farmer Alters Rural Economy With Virtual Currency as Moscow Watches Warily by Thomas Grove The Wall Street Journal April 22 2018External links edit nbsp Money portalA farm outside of Moscow gets a new chance at life in the crypto zone RBTH nbsp This Russia related article is a stub You can help Wikipedia by expanding it vte nbsp This article about a unit of currency is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Kolion amp oldid 1185072166, wikipedia, wiki, book, books, library,

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