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Updated: May 21, 2025
They will, however, be made to disgorge their ill-gotten gains when the measure first proposed by Sokolnikov last summer is put into practice. This is a general exchange of new money for old, after which the old will be declared invalid. "Of course," said Krestinsky, "they will cheat in every possible way, scattering out the money among a number of friends and relations.
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