Word: rublee
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Despite Gorbachev's plea for urgent action on the economy, a long debate over procedural matters threw the Congress behind schedule, delaying Premier Nikolai I. Ryzhkov's economic report. That report apparently will be based on a long-term plan developed by his deputy, Leonid Abalkin, that includes making the...
When the customer hands over a ruble, the bartender gives him back 50 kopecks. Says the bartender: "We're out of beer."
A guy walks into a Moscow bar and orders a beer. "One ruble," says the bartender. "What?" the man protests. "Last week it cost only 50 kopecks!"
Last week's move was just a small step toward making the ruble freely convertible to other currencies, a process that will have to be done gradually over many years to prevent disruptions in the Soviet Union's economy. The ruble's nonconvertibility has been a major barrier to East...
Western visitors will not reap many bargains from last week's step, which in practical terms will apply to a small portion of transactions. Tourists are generally asked to pay in foreign currency for lodging, transit and food. And as Soviet citizens know painfully well, the ruble is virtually worthless...