May 31, 2010

Russia, 1823






In the 1820s, the Russian government and foreign trade merchants never paid £ 1.- 2. per Troy Ounce for platina, anywhere. Poor estimations on Gold-Standard Rouble forex (1908) should be corrected to contemporary Banco (1822-1827 rates.)

Citation: Transactions of the American Institute of Mining, etc. Vol. 39 ; American Institute of Mining, Metallurgical, and Petroleum Engineers p.296



Approximately:
1908: 1 руб Gold = £ 0.1057 (USD$ 0.5145)
1822: 7.97 руб Banco @ £ 0.0408 = £ 0.3485
1823: 12.44 руб Banco @ £ 0.0400 = £ 0.4926
1824: 15.17 руб Banco @ £ 0.0396 = £ 0.6003
1825: 17.52 руб Banco @ £ 0.0428 = £ 0.8493
1827: 15.00 руб Banco @ £ 0.0425 = £ 0.6445





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