3 ms·
> the black market rate was heavily inflated True, but at least people could buy/sell dollars at the rate. > Purchase parity calculations for comparable goods
by Const-me 5y ago
> the black market rate was heavily inflated
True, but at least people could buy/sell dollars at the rate.
> Purchase parity calculations for comparable goods available in both US and USSR make much more sense
Based on the number, GP used official exchange rate set by the communist party.