Gabital - Fantasy Capitalism 101: #54 Paper money

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Cute Russian comic. The home of the official English version is here if anyone wants to skip ahead (or support them): https://boosty.to/gabiconomics-en

*Assignats, or Assignations, were the historical precursor to paper money in France(1789_{) and **Russia**(1769}) respectively. While their histories vastly differ in origin, the way of backing, and the downfall, both of those paper bills eventually became significantly devalued relative to hard currency which continued circulation alongside them. As a result, a special exchange rate emerged between the assignation bills and the metallic currency. *