| Rudakova Svetlana Aleksandrovna
Gold standard
ID number: J201966
Abstract: The Russian rouble is a non-convertible currency. The problem of convertibility has been under examination with the Russian government and the Bank of Russia for twenty years now. Being unsound, it makes labour inefficient and does not improve poverty rate. Russia is currently in search of a functional economic policy and development strategy. Its weak analytical framework for Presidential Research-funding Programme to be implemented is the major impediment in making a breakthrough. There is deficiency of trained personnel and the Command Centre for Economy and Risk Management. This input serves the purpose of drawing attention of general public, legal experts, and economists to elaboration of a gold standrad in the future.
Key-words: gold standard, rouble value, the value of gold, Russia
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