Word: comecon
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Dates: during 1990-1999
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...rate of nine to the dollar to 38 for tourists and 17 for commercial transactions, thus taking aim at a huge black market in currency and possibly preparing the way for full convertibility of the crown. Prague also took the lead in announcing its intention to reform or disband Comecon, the communist trading bloc whose rules have skewed supply and demand, and therefore the production, of a vast array of goods...