February 24, 1951
Ciphered Telegram from Roshchin to the Ministry of Finance
This document was made possible with support from Leon Levy Foundation
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.
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