Message:

<p>[QUOTE=&quot;chrisild, post: 1844525, member: 39&quot;]Right, for two reasons. First, the Baltic countries for examples were eager to replace the USSR money with their own. Since you mentioned Lithuania: They replaced the ruble with an interim currency named talonas (at a 1-1 exchange rate) in 1992. About one year later they had a 100-1 currency reform: 100 talonų became 1 litas.</p><p><br /></p><p>In Russia it may not so much have been the wish to do away with old money; I don&#039;t know. But there are very practical reasons why your 1 ruble coin from 1964 is practically worthless: Sixteen years ago, in Jan-1998, a new ruble was introduced, at a 1000-1 rate.</p><p><br /></p><p>So 1 old ruble would today be 0.1 kopeck, or 0.001 ruble. And since it takes about 45 rubles to buy €1, and 33 rubles to buy $1 ...</p><p><br /></p><p>Christian[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in