The Soviet banker who testified about reform's hidden origins
He later recalled that the 1991 reform had originated with the KGB and Kryuchkov.
Arnold Voylukov was a senior Soviet banker who experienced the inner workings of late Soviet monetary administration. He matters not only as an official in the institution that carried out the January 1991 currency reform, but also as a memoirist who later said that the idea came from the KGB and Vladimir Kryuchkov rather than from the Finance Ministry or Valentin Pavlov. His account illuminates the institutional tensions around the reform and how a covertly prepared measure damaged public trust.
Career Timeline
- 1955Graduated from the Moscow Financial Institute
- 1955–1960년대Worked in regional institutions of the State Bank
- 1960년대–1970년대Headed cash circulation and cashier operations at the Krasnoyarsk regional State Bank office
- 1980년대Senior official in the central apparatus of the USSR State Bank
- 1990–1991Deputy chairman of the board of the USSR State Bank
- 1992–1994First deputy chairman of the Central Bank of Russia