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Subject:
Soviet Ruble Exchange Rate to the US Dollar, for last 35 years
Category: Business and Money > Economics Asked by: curiousone99-ga List Price: $10.00 |
Posted:
04 Apr 2004 15:17 PDT
Expires: 08 Apr 2004 19:12 PDT Question ID: 325121 |
I need the Ruble to USD exchange rate for 1970-2004. I have been able to find data back to 1985, but not prior to that, in my own searches. This is a rather urgent search, so any help would be appreciated! Thanks! |
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There is no answer at this time. |
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Subject:
Re: Soviet Ruble Exchange Rate to the US Dollar, for last 35 years
From: mar-ga on 05 Apr 2004 15:25 PDT |
As far as I can remember the Ruble to USD exchange rate had been the same from 1961 until 1985. 1.00 Ruble had been costing 0.9 USD. (However, the amount of money, which was allowed for exchange, had been extremely limited). In those years there used to be a lot of boasting about that fact in Soviet newspapers. |
Subject:
Re: Soviet Ruble Exchange Rate to the US Dollar, for last 35 years
From: alkali-ga on 05 Apr 2004 15:28 PDT |
The Soviet Union set the exchange rate at 0.8 rubles to the U.S. dollar prior to 1988. This was almost entirely meaningless, however, since the ruble was not traded on legitimate currency exchanges during that time. It was illegal to take rubles out of the Soviet Union, hence they could not be spent elsewhere and therefore could not be traded outside the U.S.S.R. Tourists could exchange currency at official locations in the U.S.S.R. but there was little incentive to do so, since black market rates were much higher. See: http://www.okno.com/ewltr/archive/vol1/ru-ruble-v1n3.pdf http://www.cato.org/special/berlinwall/crane1982.html Alan Kali |
Subject:
Re: Soviet Ruble Exchange Rate to the US Dollar, for last 35 years
From: curiousone99-ga on 08 Apr 2004 19:09 PDT |
Thank you so much for these comments. Very helpful!! |
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