Word: irkutsk
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Dates: during 1930-1939
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Inside Russia her rubles are legally worth 51? each. By special treaty Soviet rubles bid at Japanese fish auctions are legally worth 32.5 sen (16?). These facts are plain. But recently at Irkutsk roving Correspondent Henry Wales of the Chicago Tribune stumbled upon a ruble puzzle...
Puzzle: Mr. Wales was told at the Soviet gold mines in Irkutsk that the cost of producing $1 worth of gold is twelve rubles, or $6.12 (if the Soviet valuation of 51? be placed upon each ruble). Is the Government then losing $5.12 every time its mines turn out $1 worth of gold? Production is being rapidly stepped...
...early in 1929 a great many of the forged British and American notes were despatched to Mongolia for General Feng* while large amounts were sent by the Soviet Government to Irkutsk, Siberia, to be used in the Far East...