For many of the countries that made up the Soviet Union, the period immediately following the collapse of the Soviet Union in 1990 found these countries experiencing extremely high rates of inflation.To solve this problem, a number of countries:

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Turning the authority to print money over to an independent central bank can help reduce inflation by limiting the government's control over monetary policy and preventing them from printing excessive amounts of money, which can lead to hyperinflation. This is a common strategy used by many countries to combat inflation. Imposing price controls or devaluing currencies may have short-term effects, but they are not sustainable solutions and can lead to other economic problems in the long run. Returning to a gold standard is also not a practical solution for most countries in the modern era.

For Many of the Countries That Made Up the Soviet