Special Report on
Monetary Reform in Russia
Monetary Reform in Russia - Trends
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The Russian ruble, often denoted by RUB (and alternatively spelled rouble), is the name of the currencies of the Russian Federation and Belarus (and formerly, of the Soviet Union and the Russian Empire). The ruble has been the Russian unit of currency for several centuries, and its name stems from the Russian verb rubit, meaning, "to chop." Historically, "ruble" was a piece of a certain weight chopped off a silver ingot (grivna). The ruble was the Russian equivalent of the mark, a measurement of weight for silver and gold used in medieval Western ...
The World is concerned that the dollar cannot play the role of the main reserve currency any longer after the financial crisis sparked by the collapse of the U.S. mortgage market led to the worst global recession since the 1930s. The Government’s stimulus packages, financial bailouts, the need to support liquidity in Treasuries, keeping interest rates at the lowest level under the circumstances of low economic growth, high unemployment and low tax collection make it print more dollars. This leads to a high risk of substantial inflation, or hyperinflation in a long-run. ... Read More
SURVEY RESULTS FOR
MONETARY REFORM IN RUSSIA
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