The Soviet myth of the "dollar at 67 kopecks."

The Soviet myth of the "dollar at 67 kopecks." dollar, kopek, currency, dollar, market, rubles, real, rate, market, country, rate, completely, market, after, demand, supply, happen, subscribe, exchangers, now

I think you often heard from the camp of loversthe USSRsuch cries - "but in the USSR, the dollar was at 67 cents now that in 2013, 30 rubles was then 60 began, and now all 70 selected How to live Here refund USSR -!?!?, and the dollar will once again be on the 67 cents, namorozim of the world's best ice cream, and the upstart Musk still ask us for kerosene for their space adventures! ".
Of course, all the stories about the "dollar at 67 kopecks" - this is one continuous myth. Or, to be precise, the real market rate of the dollar was completely different and differed from the Soviet propaganda propaganda campaign about 67 kopecks, and this became especially clear after 1991 when the real currency market with real supply and demand came to the country.
So, in today's post - we deal with the myth of the "dollar at 67 kopecks." Come under the cat, it is interesting. Welladd friendsDo not forget)
A few words about the background of the issue.
The Soviet myth of the "dollar at 67 kopecks."dollar, kopek, currency, dollar, market, rubles, real, rate, market, country, rate, completely, market, after, demand, supply, happen, subscribe, exchangers, now

At the very beginning of the post it is necessary to separate flies from cutlets and say that there was simply no “free market currency” on which the real market rate would be determined.Free circulation of currency in the USSR was prohibited by law, and trade in it, and even simple storage, was strictly punished by Soviet legislation; as someone noted well - “in the USSR you could get 67 kopecks for a dollar, from 3 to 15 years, or you could choose the highest measure”.
The State Bank of the USSR and Vneshtorgbank had a monopoly on foreign exchange operations in the USSR. There were very few dollars in the country - they were used mainly for the purchase of imported products abroad. The dollar / ruble exchange rate was set absolutely arbitrarily - anyway, there was no domestic currency market in the country, and this course had no opportunity to check with demand / supply, or otherwise adjust it. It’s about like a pink unicorn - you can say that it costs a million dollars, but as long as you don’t have a real market for pink unicorns in your country - this price remains exclusively “on paper”, it cannot be verified by the market.
What would have happened to the "67 kopeck rate" if the USSR had a free currency market? The rate would begin to be regulated by natural demand and supply, and would invariably grow, and if the state tried to hold the course, the black market of currency would flourish in the country, and the exchangers with the “official rate” would stand empty.
I personally observed these things, when the national currency exchange rate collapsed three times in Belarus in 2011 - the dollar from the then 3,000 rubles began to cost 9,000, and it happened overnight. The exchange rate continued to remain in the “directive state rate” of 3,000 rubles to the dollar - of which the entire currency was swept out within a few hours, after which the exchangers closed to sell the dollar. At the same time, it seemed that it was possible to transfer the dollars to the exchange offices - the very “directive” 3,000 rubles were given for them, but there were no fools, since they were given 8-9 thousand for the dollar on the black market. Later, the market stabilized - banks raised currency rates to the black market rate.
Actually, about the same thing would have happened in the USSR, showing the whole fake of the course at 67 kopecks in about two days.
What was the real dollar rate?
The Soviet myth of the "dollar at 67 kopecks." dollar, kopek, currency, dollar, market, rubles, real, rate, market, country, rate, completely, market, after, demand, supply, happen, subscribe, exchangers, now

And now let's see what the real dollar rate was in the USSR - the very real market rate, which is determined only by supply and demand. In the USSR, there was an underground currency market, in which $ 1 in the 1960-80s cost about 8-10 Soviet rubles. Caught "currency" with an amount of up to $ 25 threatened terms of 3-8 years, and if the amount was more, then the terms were more, until the death penalty - to such an extent of punishment in 1961 currency banks Rokotov, Faybishenko and Yakovlev were sentenced.
The exchange rate of 8-10 rubles was the real market rate of the dollar in the USSR - for this amount, illegal currency traders were ready to buy dollars from foreigners near hotels, and then resell them to anyone who wanted to get inside the USSR with a small profit - in fact, do exactly the same what banks are doing now.
And the reality of this course confirms this. The average salary in the USSR was 140-150 rubles, which, after the fall of the USSR and with the advent of the market economy, practically within one week turned into $ 15- $ 20 in real currency terms - this ideally exactly corresponds to the real market rate of the dollar to the Soviet ruble, which was 60 80s "underground".
The ghosts of communism.
The Soviet myth of the "dollar at 67 kopecks." dollar, kopek, currency, dollar, market, rubles, real, rate, market, country, rate, completely, market, after, demand, supply, happen, subscribe, exchangers, now

In general, to sum up - the real dollar exchange rate forms only the market and nothing more. In a closed structure, you can draw any exchange rates, but as soon as the system becomes part of the global economy and enters the market of real supply and demand - the reality immediately makes adjustments over all fantasies.
Interestingly, this simple idea of ​​the formation of the dollar exchange rate remains completely inaccessible for admirers of the USSR.The dollar has for them some kind of magnetic, I would even say a sacred value - to surpass that you need by all means. The apotheosis of this nonsense was the book published in 2014 entitled “How the courageous ruble of a cunning dollar won” - in which USSR fans compensated for their moral traumas, wiped themselves with dollars and ate up the most delicious ice cream in the world.
And the lovers of communism are also seriously discussing the projects on the “complete prohibition of the dollar,” so that even with their ruthlessly growing course even the eyes would not be an affliction - although all smart people understand that the point here is not at all the “growth of the dollar” rubles, and what you do not measure it - even in dollars, even in parrots - the result will be equally disappointing.
So it goes.
Write in the comments what you think about all this.





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The Soviet myth about the dollar at 67 kopecks

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The Soviet myth about the dollar at 67 kopecks

The Soviet myth about the dollar at 67 kopecks

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