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Digital Archive International History Declassified

February 24, 1951

CIPHERED TELEGRAM FROM ROSHCHIN TO THE MINISTRY OF FINANCE

This document was made possible with support from the Leon Levy Foundation

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    Reporting that the value of the ruble was decreasing in terms of the American dollar and the Chinese yuan because the exchange rate of the ruble in yuan is calculated through the American dollar; the value of gold on the black market; and that an agreement should be established between the People's Bank of China and the National Bank of the USSR on the settlement of the non-trade transactions between the ruble and the yuan in line with the price of gold, independent of the US dollar.
    "Ciphered Telegram from Roshchin to the Ministry of Finance," February 24, 1951, History and Public Policy Program Digital Archive, CWIHP archive. https://digitalarchive.wilsoncenter.org/document/119527
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