Word: rublee
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Last fall, for the first time in two decades, the Soviets stopped publishing monthly economic statistics. Soviet economic planners not long ago discussed making the ruble a convertible currency. That would undoubtedly involve a massive devaluation of the Soviet currency, which is worth $1.60 at the official rate and about...
Gorbachev's other major domestic problem will be coping with the cost of the earthquake, likely to rise to the tens of billions of rubles. The long restoration of the quake-stricken region will drain money from an economy already reeling from a series of setbacks. The cleanup costs for...
He said that it is necessary to make the ruble at least partially convertible to other currencies to better integrate the Soviet Union into the world economy.
IBA's two most controversial projects are by Americans, mannerists at extreme opposite ends of the architectural spectrum. One is a sprawling apartment complex in a suburban resort town by Charles Moore (with his partner John Ruble), the other a cramped commercial and residential building overlooking the Wall by Peter...
The new Soviet entrepreneurs are discovering that free enterprise does not guarantee success. An elderly Moscow woman who had a 50-ruble ($75) monthly pension decided to sell hand-embroidered nightgowns, and duly registered with the authorities. But none of her nightgowns sold when she took them to the market...