EBRD To Help Soviets Achieve Convertible Ruble CME Eyes Ruble Futures, Options Contracts


The European Bank for Reconstruction and Development (EBRD), founded by 40 nations to provide finance for Eastern Europe, expects to play an important role in helping the Soviet Union achieve convertibility for the ruble, one of the key steps in promoting trade and prosperity within Eastern Europe.

One group that is particularly interested in the outcome is the Chicago Mercantile Exchange, which is already waiting in the wings in hopes to be the first on the block to trade a ruble futures and