Word: rublee
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So far, however, the team's record has been spotty. Gaidar's shock-therapy program has yielded mixed results: the decision to end most price controls has brought goods back to stores, but at a cost Russians can scarcely afford. Yeltsin insists he does not want to serve a second...
Even as the Black Sea Fleet dispute heads toward resolution, larger issues continue to strain ties between the two states -- including the overall future of the Crimea and Kiev's resistance to Russia's taking the lead on economic reforms. Specially printed Ukrainian coupons, designed as a temporary currency to...
By July 1, Kiev plans to replace the ruble completely with a new national currency, a move certain to disrupt already weakened trade links between Ukraine and the rest of the Commonwealth. Critics argue that by insulating Ukraine from Russia, Kravchuk is trying to avoid the kind of radical market...
IN A BOW TO THE WEST, RUSSIA DECIDED TO MAKE its ruble convertible to foreign currencies for the first time in nearly seven decades. The goal is to free the price of the ruble to float, possibly as early as Aug. 1, though most experts say the process could take...
The price of the ruble is currently set at several rates by the government and the black market, ranging from 55 to 150 rubles to the dollar. Using a stabilization fund of $6 billion provided by Western nations to buy and sell in the money market, Moscow hopes to hold...