Vneshposyltorg
Encyclopedia
The All-Union Association Vneshposyltorg (All-Union Foreign Mail Order Trade Association) was an organization in the Soviet Union
which handled trade in imported goods for hard currency
.
It was mostly known for its chain of shops Beryozka
.
Vneshposyltorg sold consumer goods to foreigners with an option of delivery within the Soviet territory. In this way foreigners had an opportunity to send gifts to their friends and relatives in the Soviet Union.
In 1984 cancelled forwarding the parcels from foreign firms to Soviet addresses.
With the dissolution of the Soviet Union
and the introduction of the conversion of ruble
s into hard currency the organization lost its importance and was privatized.
In 1992 it was merged with Vostokintorg to create Vneshintorg.
Soviet Union
The Soviet Union , officially the Union of Soviet Socialist Republics , was a constitutionally socialist state that existed in Eurasia between 1922 and 1991....
which handled trade in imported goods for hard currency
Hard currency
Hard currency , in economics, refers to a globally traded currency that is expected to serve as a reliable and stable store of value...
.
It was mostly known for its chain of shops Beryozka
Beryozka
Beriozka was a twin chain of state-run retail stores in the Russian SFSR that sold goods for hard currency. Beriozkas sold goods that were either unavailable or more expensive in regular shops...
.
Vneshposyltorg sold consumer goods to foreigners with an option of delivery within the Soviet territory. In this way foreigners had an opportunity to send gifts to their friends and relatives in the Soviet Union.
In 1984 cancelled forwarding the parcels from foreign firms to Soviet addresses.
With the dissolution of the Soviet Union
Soviet Union
The Soviet Union , officially the Union of Soviet Socialist Republics , was a constitutionally socialist state that existed in Eurasia between 1922 and 1991....
and the introduction of the conversion of ruble
Ruble
The ruble or rouble is a unit of currency. Currently, the currency units of Belarus, Russia, Abkhazia, South Ossetia and Transnistria, and, in the past, the currency units of several other countries, notably countries influenced by Russia and the Soviet Union, are named rubles, though they all are...
s into hard currency the organization lost its importance and was privatized.
In 1992 it was merged with Vostokintorg to create Vneshintorg.