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After the breakdown of the Former Soviet Union, the Ruble underwent a severe devaluation!
Perhaps many are unaware that there was a time when the Ruble was more valuable than the US dollar, with the exchange rate at its peak being one Ruble for two US dollars!
Of course, with the breakdown of the Former Soviet Union, the Ruble's exchange rate began to plummet, and in less than a year, its value had nearly dropped to nothing…
As society gradually stabilized and the national economy developed, the Ruble's exchange rate also began to slowly rise.
By the end of 2004, the exchange rate of the Ruble to the US dollar was approximately 27-30, meaning one US dollar could exchange for 28 Rubles.
However, this exchange rate was fluctuating, and the variation could be as much as two or three Rubles up or down.
When the exchange rate changes were most intense, perhaps in the morning one US dollar could only exchange for 28 Rubles, but by noon, it could exchange for 29 Rubles!
