Joseph Noulens

In 1918 he proposed a two-tier operation to stabilise the economy of regime set up by General Yevgeny Miller in North Russia.

However, as the security against this was to be $25million worth of concessions from the Russian forestry industry, concern about the instability of the regime led to an alternative plan involving the creation of a currency board being adopted.

[1] He was depicted with two other French members of a delegation in a poster issued by the Russian Telegraph Agency (Glavpolitprosvet).

[2] After the failure of Bruce Lockhart—Sidney Reilly conspiracy to assassinate Vladimir Lenin, Noulens left Russia.

At a meeting in Paris in February 1922 they demanded a veto on negotiations with the Soviet Union unless the latter acknowledged the old debts.