Economic crisis in Russia

Russia. Moscow. Demonstration of scales with Russian iron rubles and an American banknote of 1 dollar denomination after a sharp jump in the exchange rate as a result of a technical default. On August 17, 1998, the Russian government and the Central Bank of the Russian Federation announced a technical default on the main types of government securities and a transition to a floating exchange rate for the ruble. Boris Kavashkin/TASS