Vol. 9, No 1: 45–55.

The 75th Аnniversary of Rostislav N. Dusaev. Law

 2024

Scientific article

UDK 34.09
pdf-version

Victor A. Palashov
master's degree, Petrozavodsk State University
(Petrozavodsk, Russia),
palashov-victor@mail.ru

The Legal Nature of the Finnish Markka in the Russian Empire

Scientific adviser:
Victoria V. Efimova
Reviewer:
Anastasia A. Shljamina
Paper submitted on: 03/03/2024;
Accepted on: 03/29/2024;
Published online on: 03/30/2024.
 Abstract. During its time as part of the Russian Empire, the Grand Duchy of Finland utilized the Finnish markka as its official currency, rather than the Russian ruble. This practice was established de jure in 1860 and de facto in 1865. The aim of this study is to investigate the rationale behind this particular monetary arrangement. The findings suggest that the introduction of the Finnish markka was not driven by a desire to improve the daily lives of Finnish citizens, but rather as a strategic measure to bolster pro-Russian sentiments in Finland. Nonetheless, this development inadvertently laid the solid economic foundations for Finland's eventual separation from the Russian Empire.
Keywords: monetary system, Russian ruble, financial integration, Finnish markka, Finnish autonomy, economic history

For citation: Palashov, V. A. The Legal Nature of the Finnish Markka in the Russian Empire. StudArctic forum. 2024, 9 (1): 45–55.

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