Word: rublee
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For bargain-hunting tourists, some of the cheapest deals on the planet these days can be found in the former Soviet Union. The choices are certainly limited, but Americans in Moscow with access to black-market rubles can, for example, enjoy a reasonable meal for as little as $3 or...
That is no joke. The collapse of the ruble has triggered an urgent debate over how to stabilize the currency. Without sound money, experts say, the drive to bring capitalism to the former Soviet republics could come to a halt. "For people to have a currency that is valueless gives...
The Russian economy has been tottering on the brink of collapse. Although no one has very accurate figures, prices increased an estimated 50% in December alone. The ruble has entered the funny-money category: it used to have an official exchange rate of 1.8 to the dollar; now a greenback...
A. We need your help now. Immediately. Stop hesitating or we will all have to pay a greater price in the end. You should promote reform in the commonwealth and, first of all, in Russia. They need urgent help in the form of hard currency to provide consumer goods for...
Worse still, the commonwealth's efforts to unify economic policy are in a desperate race with the forces of hunger, cold and scarcity. So far, scarcity is winning. Severe shortages of fuel closed half the country's airports and halted domestic flights. Banks were running out of hard currency as...