Garbuzov, V. - In: Problems of Economic Transition 3 (1961) 11, pp. 45-51
By decision of the Soviet Government the gold content of the ruble was raised, effective January 1, 1961, from 0.222168 grams to 0.987412 grams. Simultaneously the rate of exchange of the ruble with respect to the US dollar was also raised; it is now equal to 90 kopeks instead of four rubles. The...