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Russians Hold On to Lenin--for Now

August 27, 1993|Reuters

MOSCOW — Vladimir Lenin, founder of the Soviet Union, could be smiling now. He won a reprieve from oblivion Thursday when the Russian Central Bank decided to let some notes with his portrait stay in circulation until the end of the year.

The Itar-Tass news agency said the bank decided old Soviet-style bank notes worth about 1 cent and less could stay in circulation until the end of the year.

The notes--the last remaining ones to carry the Bolshevik leader's profile--were originally due to be pulped by the end of this month and replaced with coins embossed with Russia's traditional double-headed eagle.

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