Russian explorers find 'swamp' of Soviet money, all worthless

Section:

... Yet the czar's old gold rubles are more valuable than ever.

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By Maria Kiseleva and Alistair Coleman
British Broadcasting Corp., London
Thursday, May 25, 2017

A group of explorers in Russia have found around a billion roubles in old Soviet money at an abandoned mine, but it's all completely worthless.

The group from St. Petersburg, who publish a blog on abandoned sites across Russia, came across the money after following rumors that large quantities of cash had been dumped in old missile silos near Moscow after the collapse of the Soviet Union, the Komsomolskaya Pravda news website reports:

http://www.spb.kp.ru/daily/26683.4/3705974/

After travelling for several hours across rough terrain in Russia's Vladimir region, they found the mine literally overflowing with cash.

The site contains an estimated one billion roubles ($18 million or L13.5 million at current exchange rates, or $33.3 million at the "official" Soviet rate in 1991) in Soviet Union banknotes of various denominations issued between 1961 and 1991, all no longer legal tender in the Russian Federation. The mine had been flooded in recent years, leaving what was essentially a swamp of banknotes bearing the face of Vladimir Lenin, the explorers' YouTube channel shows. ...

... For the remainder of the report:

http://www.bbc.com/news/blogs-news-from-elsewhere-40043311



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