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The Herald And News
Newberry, Newberry County, South Carolina
What is this article about?
British authorities fixed the new ruble currency for Northern Russia's Archangel provisional government at 40 rubles to one pound, equivalent to about 12 cents USD, to stabilize finances amid unstable old ruble exchanges and uneven money distribution during the Bolshevik regime.
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Currency Values Fixed by British Authorities to Aid Archangel Government.
London.—Northern Russia's new ruble currency, that is, the currency arranged by the British government to assist the Archangel provisional government in stabilizing finances, has a fixed rate of exchange of 40 rubles to one pound. That places the ruble at 6 pence, roughly 12 cents in American money.
Exchange on the old rubles, both those issued under the imperial government and the Kerensky government, has been extremely unstable throughout the bolshevik regime in all parts of Russia.
The distribution of money is uneven. Money famines are constantly appearing in many sections, regardless of the fact that all money presses are kept going day and night.
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Foreign News Details
Primary Location
Northern Russia
Outcome
fixed rate of exchange of 40 rubles to one pound, roughly 12 cents in american money
Event Details
Northern Russia's new ruble currency, arranged by the British government to assist the Archangel provisional government in stabilizing finances, has a fixed rate of exchange of 40 rubles to one pound. That places the ruble at 6 pence, roughly 12 cents in American money. Exchange on the old rubles, both those issued under the imperial government and the Kerensky government, has been extremely unstable throughout the bolshevik regime in all parts of Russia. The distribution of money is uneven. Money famines are constantly appearing in many sections, regardless of the fact that all money presses are kept going day and night.