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This newspaper page contains 3 articles. Subscribers can read the full text of each article.
Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Dec 15, 1947
Page
3
Soviet economic actions following a drastic 10 to 1 currency conversion and the abolition of rationing prompt American officials to predict propaganda capital gains. Analysts see the move as an extreme measure aimed at stabilizing finances, not as a sign of systemic weakness.
The article notes Moscow can implement broad price reductions and tout a managed economy’s lower living costs while capitalist nations deal with inflation. It draws parallels to wartime and postwar financial issues, including currency reforms that increased money in circulation as goods grew scarce, citing Russia’s 1923 efforts to drain excess money and boost morale.
Moscow reported Col Raymond Sturquie, head of the repatriation mission, left Moscow to return to France amid expulsion by Russia. Paris sources suggested Marque as possibly cash for services to the army. The incident follows a prior expulsion of a Russian repatriation group.
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