Innovative Designs of Communist Currencies

Exploring Banknotes and Propaganda from Socialist States

The new British Museum exhibition, “The Currency of Communism,” celebrates the centenary of Russia’s October Revolution, showcasing a fascinating array of banknotes and posters from socialist states. This exhibition not only highlights the artistic elements but also delves into the socio-political context they represent.

Unique Banknotes of the Era

50 yuan note, China, 1980
50 yuan note, China, 1980 — This note is among the newest items in the collection. It depicts the individuals the government hoped would spearhead the development of modern China: an intellectual, a farmer, and an industrial worker. Curator Thomas Hockenhull noted the inclusion of intellectuals, who were often treated with suspicion during the cultural revolution.

Moreover, this exhibition emphasizes the transformation of societal values and the role of propaganda in shaping public perception during the era.

Propaganda Posters: A Reflection of Ideology

Propaganda poster from Azerbaijan
This Azerbaijan poster illustrates the supposed benefits of “sberkassa,” the state financial institution managing citizens’ savings. The caption reads: “This is where all the sberkassa contributions go,” showcasing the aspiration of citizens through visual representation.

Empowerment Through Imagery

Banknote from Somalia promoting women's empowerment
This banknote from Somalia was designed to empower women, showcasing the multifaceted roles they could take on in society, including work and military service. The imagery is provocative yet optimistic, reflecting a complex social narrative.

Historical Figures Portrayed on Currency

Clara Zetkin banknote
The woman on this banknote, Clara Zetkin, was a German Marxist instrumental in organizing the first International Women’s Day in 1911, symbolizing the movement towards gender equality.

Legacy of National Heroes

Portrait of Arif Heralić
This note features Arif Heralić, a furnace worker who became a national hero after his photograph was used on banknotes. His legacy contrasts with his end of life, which reflects the often harsh realities behind heroic narratives.

The Vision of Collectivization

Albanian farming scene note
An Albanian banknote portrays a farming scene aimed at advocating for collective farming technologies, ultimately persuading urban citizens of the necessity and desirability of collectivization.


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