Install

Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

Lost Rubles Indexed

TASHKENT, Uzbekistan () -- Uzbekistan's state-owned People's Bank said Thursday it would index Soviet-era savings which were nearly wiped out by inflation in this state of 22 million became independent in 1991.


People's Bank has 5 million depositors whose savings of 9 billion Soviet rubles at the beginning of 1992 have been multiplied by a factor of 4,000 and converted into the national sum currency. Those savings are now worth 36 billion sums ($780 million).