When in 1924 the Soviet government exchanged 50 billion "old" rubles for 1 "new" ruble in a currency reform, ceased monetizing the budget deficit, and made the ruble convertible, Lenin's New Economic ...
I invested most of my life savings in Russian rubles and Mexican pesos,” the former Democratic congressional nominee wrote.
The Russian ruble has been declining steadily and reached a 17-month low this week, tumbling past 100 rubles to the U.S. dollar. This gives the ruble less value than a single American cent and ...
But about the frequent change of banknotes, which occurs due to the change of state borders, the depreciation of old money and the desire to “modernize” their design and anti-counterfeiting system.