Word: meshkova
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Dates: during 1996-1996
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...between $15 billion and $20 billion of U.S. currency is in Russia, about 80% of it in the form of $100 bills. Everyone from small savers to businessmen to members of the Mafia relies on hundreds, so the changes in the bill are causing high anxiety. Last week Maria Meshkova, a single mother, was in line outside the Novogorodsky currency exchange in Moscow's Old Arbat Street. There was fear in her voice as she explained she had already changed her meager supply of $100 bills into smaller U.S. notes. Now she was back trying to split her last remaining...
...Meshkova and other Russians the news of a reissued $100 note revives bad memories. In the winter of 1991, when then Prime Minister Valentin Pavlov suddenly announced that citizens had three days to exchange their rubles for a newly printed currency, they could turn in only the equivalent of one month's salary. The old rubles were declared worthless, and millions of Russians lost their life savings. Then in 1993 the government made another sudden decree, which meant that Russians again had to exchange a limited amount of old money for new, with the transaction stamped in passports to prevent...
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