RUSSIA: Paradise Money

After officially pretending for twelve long years that all Russian rubles were of the same value, the Soviet State at last admitted that its "official rate" is fiction by decreeing last week a second official rate which gives every piece of Russian money two different values, both official.

The old official rate, still retained in good standing, makes the ruble worth 87¢. This must still be paid by a foreigner wishing to buy Russian goods from the State and have them exported to him. The additional official rate decreed last week makes the...

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