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Soviet Ruble

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Soviet Ruble
The currency of the former Soviet Union. It was first issued in 1917 and underwent five redenominations over the course of its history. It was replaced by various currencies, starting in 1991 with the fall of the Soviet Union. See also: Russian ruble.


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Moreover, the Soviet ruble was no match for the dollar, the world's reserve currency, the money of international trade, the most sought after and reliable currency.
I in fact made it a major concern to explore the problem posed by the divergences of Soviet ruble prices from 'scarcity values' and that because of such divergences I was led to reject the usual expedient in national income measurement, which is simply to value goods and services produced in terms of prices actually prevailing in the country in question.
According to Russia's Finance Ministry, Havana's debt to the USSR is denominated in transferable rubles, Soviet rubles and dollars, and hovers around $25.
 
 
 
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