From this moment you get true fiat currencies, the takeoff of financialised capitalism and the emergence of the central bank in each country as money creator on behalf of the state, and thus a major centre of politicalpower.
Gorbachev would follow through with the Shatalin-Yavlinsky plan for a 500 day transformation of the USSR, including a major devolution of political and economic decision-making power from the center to the individual republics.
Like his San Franciscan counterparts, Hellman was able to parlay his financial power into political influence, making him a major behind-the-scenes player in state politics.