The Russian Ruble and Monetary System

Torsten Erdmann ()
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Torsten Erdmann: Commerzbank (Eurasija)

Chapter 10 in Russia Business, 2021, pp 83-91 from Springer

Abstract: Abstract The Russian financial system went through various phases after the breakdown of the Soviet Union, closely linked to the economic situation and geopolitical situation in the country. Today Russia’s currency is within the top 20 traded currencies by value worldwide. The ruble is freely convertible and while currency control regulation is maybe still a bureaucratic burden, it is not a real obstacle for international and cross-border payments. The volatility of the currency remains a real burden and usually requires additional attention and/or hedging instruments.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-64613-4_10

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DOI: 10.1007/978-3-030-64613-4_10

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