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Bullitt, William C. (William Christian), 1891-1967

"The Bullitt Mission to Russia"

There is practically no robbery in the
city. Shatov left the opera the other night early because he
told me the previous night a man had lost 5,000 rubles and
it was such an exceptional thing to have a robbery that he
was going out personally to investigate the matter, having
some idea as to who was responsible.
11. _Currency plans_.--Zorin tells me that the Soviet
Government has or had printed a new issue of currency which
it is proposed to exchange for the old currency within the
next three months. The details of the plan have not been
completed but he thinks that an exchange of ruble for ruble
will be made up to 3,000; an additional 2,000 will be placed
on deposit in the government bank. That beyond 5,000 only a
small percentage will be allowed to any one, and that a
limit of possibly 15,000 will be placed beyond which no
rubles will be exchanged. Then the plan is, after a certain
period to declare the old ruble valueless. Zorin feels that
as a result of this plan the new ruble will have some value
and that the present situation in the country in which the
farmer has so much paper that he refuses to sell any longer
for money, will be relieved. This exchange would be followed
later on by the issue of still other currency the entire
purpose being the more equal distribution of wealth and the
gradual approach to elimination of currency.


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