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BBC Monitoring listening room. ©BBC Archive.
Rubles, Renminbi and Yuan—Oh My! The Geopolitical Fortunes of Foreign Exchange
Suppose you were embarking upon the purchase of a car. A new one is out of the question; you don’t have that kind of money. You’ve been saving for this for a long time. You’ve chosen a nice used Lada—they’re a good Russian brand. You’ve come to terms with the seller so you pull out a bundle of… American dollars—you’re in Moscow, after all. You remember a time in the late 1990s when the Russian Central Bank magically removed three...
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