Silver altyn minted 1711 in the reign of Peter I the Great.
3-kopek coin minted 1977 by the Soviet Union.

Altyn (Russian алты́н, also алты́нник altýnnik) is a historical Russian currency (symbol: ). The name in Tatar is altın (алтын) meaning "gold"[1] and altı (алты) meaning "six", since it was worth 6 dengas, equivalent to three kopeck silver, then copper, a small value coin,[2][3] or 180–206 copper puls.[4]

From the 15th century, altyn had been in use in several Russian principalities as a Eurasian currency between Russian and Asian traders.[5] They were minted from 1654 under Alexis I, under Peter I as silver coins from 1704 to 1718. Later they were revived under Nicholas I as copper coins with a value of three kopecks from 1839. While the name altyn eventually got lost, three-kopeck-coins circulated in Russia until 1991.[5]

In the 2010s, the Eurasian Economic Commission drafted first proposals to revive the altyn once again by 2025 as a common currency of the Eurasian Economic Union, although western sanctions against Russia reportedly encouraged the bloc to expedite the process by 3-5 years.[5] However, as of 2023 the currency had still not been re-introduced.

References

  1. ↑ Этимологический словарь русского языка. — М.: Прогресс. М. Р. Фасмер. 1964—1973.
  2. ↑ Спасский, И. Г. Алтын в русской денежной системе. / В кн.: Краткие сообщения Института истории материальной культуры АН СССР, вып. 66. — 1956.
  3. ↑ Спасский, И. Г. Русская монетная система. — Л.: Аврора, 1970. — с. 105.
  4. ↑ Eric R. Schena, “The Influence of Islamic Coins on the Russian Monetary System: An Introduction,” As-Sikka: The Online Journal of The Islamic Coins Group, 1, no. 2 (1999-2000), http://islamiccoinsgroup.50g.com/ArtRussian.htm%5B%5D, August 2004
  5. 1 2 3 "Russia, Kazakhstan and Belarus to have new joint currency". Pravda.ru. 2014-04-10. Retrieved 2015-01-06.

Literature

  • Узденников В. Монеты России (1700—1917): Издание третье. — М.: Collector’s Books; IP Media Inc., 2004.
  • Media related to Altyn at Wikimedia Commons
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