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... also set by the state. In the early 1970s, the official exchange rate between rubles and dollars was 1 ruble to 1.6 dollars, but on the black market it was already 1 dollar to 6 rubles.

In 1987, the economy of the Soviet Union was still relatively stable. At that time, it was about 1 US dollar and 15 rubles. In 1988, the domestic situation in the Soviet Union began to be violently turbulent, and the ruble began to depreciate sharply. The most typical example is that Gorbachev’s pension i ...

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