Mr DULLES. For the record, what was the date of the change in the value
of the ruble? I think I remember it. It was around 1960--May-June of
1960, I think.
When it went into effect, I don't remember.
Mr. SNYDER. I am sorry, I don't either, Mr. Dulles. It was during my
term there. It seemed to me it was in the second half of my tour in
Moscow. But I cannot really recall.
Mr. DULLES. I think somewhere in the record that ought to appear. I
have an idea it was May of 1960.
Mr. EHRLICH. January 1, 1961.
Mr. DULLES. That is when it went into effect?
Mr. EHRLICH. It was officially revalued.
Mr. DULLES. January 1, 1961--let the record show that--the ruble was
revalued, so that it took about 10 rubles to make 1 new ruble.
Representative FORD. So 5,000 rubles in 1959 was not an inconsequential
amount.
Mr. SNYDER. Oh, no.
Mr. DULLES. It wasn't very much.
Mr. SNYDER. No; but 5,000 rubles at that time was probably two-thirds
to three-quarters of the monthly salary of an average Soviet worker.