[1][2] Tomas Alibegov was born in Moscow into a family with Georgian and British roots.
[3][6] After 1987, he again worked at Vneshtorgbank (later renamed Vneshekonombank) as head of the Foreign Exchange Department and the Department of State and Foreign Loans; During 1988–1989 he became deputy chairman of the board – head of the Office for Monetary and Credit Cooperation with Socialist countries.
While in this office, he dealt with the issues of external borrowing and turning the rouble into a freely convertible currency.
[8][9] In the early 1990s, he was mentioned regularly in the world mass media on the issue of restructuring the external debt of the USSR.
[10][11][12][13][14][15][16][17][18] Another problem[clarification needed] was that Soviet enterprises tried to hide their assets, transferring foreign currency from their accounts abroad.