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Tuesday, February 28, 2012

In the Soviet Union, Stalin asked the

In the Soviet Union, Stalin asked the Minister of Finance to give him an advice as to the establishment of the ruble convertibility. The minister produced a thick document, arguing in favor of establishment the rate 1 dollar = 14 rubles. Stalin looked at it and did not like that ruble is so undervalued. He took his red pencil and eliminated "1". The exchange rate was established at 1 dollar = 4 rubles.

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