ABSTRACT

USSR Supreme Soviet Adopts Law on Currency Regulation

The USSR Supreme Soviet adopted a law on regulation of hard currency, TASS reported. The new law, to take effect on April 1, would provide for a foreign-exchange market open to all domestic and foreign firms. In order to maintain the stability of the ruble's purchasing power, the law banned the use of foreign currency as a means of payment in the USSR and the import and export of rubles. For the text of the law, see Izvestia, March 15.