In Russia the Talk is Soviet Rubles

USSR_RubleThe talk going around in Russia is that the government will be reimbursing for the financial loses during the collapse of the Soviet Union. I understand that some people were reimbursed in the past and now the chances are getting better that the rest will be at least somewhat financially better than before…

I understand that 345.5 billion Soviet Rubles were lost after the break-up of the Soviet system. Under the new situation in the works, 4 (four) Russian rubles would be given for every 1 (one) Soviet-era ruble lost.

Hmm…

Seems I remember that a USSR ruble was not that far off in price to the dollar. Like I remember seeing it at .9 to 1 several times. But I know that had to have been on the way to collapse, so probably about .5 to 1 at the time of Soviet collapse…

That means that Russians while are lucky to get some money back. It still does not make up the difference. After I figured out what it would mean to do a direct 1 to 1 payback. I can see why Russia can not do it! We are looking at 30 plus trillion rubles added to the bottom line and that would make a mess of everything…

So on the news the Ministry of Finance has sent a draft law to the Duma, where it requests to return Soviet – era savings by 2021. Or at least a facsimile of those savings…

I guess something is better than nothing and the money is a shot in the arm for all who get it…

Post by Kyle Keeton
Windows to Russia…

kKEETON @ Windows to Russia…

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