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Updated: October 2, 2026
An officer who was in Archangel during the summer on Graves Commission service after the American units had been withdrawn, reports that speculators for a song bought up great bales of the old Kerensky and Nickolai currency supposed to be cancelled, dead, defunct stuff, and when there was a considerable evacuation of central Russians who had been for months refugees in Archangel, this currency came out of hiding, and its traffickers realized a handsome profiteerski by selling it to the returning people at sixty to the pound sterling, for in interior Russia the old stuff was still in circulation.