¥Voucher scheme(s)
¥YelÕtsin - Òmillions of owners,
not a small group of millionairesÓ
¥Each citizen got one voucher valued at 10,000 rubles
¥Vouchers for direct purchase of shares, indirect via investment companies, or sell voucher for cash
¥August 31, 1992 Russian Deputy Prime Minister Anatolii Chubais (400 rubles/$1 - Oct 22, 1992) claims
vouchers would be worth 150,000 to 200,000 rubles
¥Instant secondary market - vouchers discounted to 6100 rubles on first day of trading - October 1,
1992
¥Oct. 9, 1992, Russian Parliament guarantees face value of privatization vouchers and specified that
vouchers could be used to purchase apartments and land
¥If enterprise had fixed assets >50 million rubles & >1000 employees, then privatization plans were
to be completed by Oct. 1, 1992