Every national financial system's sovereignty requires that its methods of payment have inherent worth and price consistency, and are not dependent to the dollar. With this objective in mind, Russia is now all set to implement the gold standard for ruble.
Secretary of the Security Council Nikolay Patrushev stated Tuesday in an interview with Rossiyskaya Gazeta that Russian specialists are developing on a scheme to build a two-loop monetary and financial network in the nation.
He explained that the initiative included replenishing the Russian currency with gold as well as a variety of products that symbolize a financial worth. As a result, he claims, the ruble's exchange rate will match its genuine purchasing power parity.
According to Patrushev, every national financial system's sovereignty requires that its methods of payment have inherent worth and price consistency, and are not dependent to the dollar.
Another crucial need for Russian economic security, he noted, is...
Full Access
Included:
-
Access to All Articles.
-
One Plan. No Tiers.
-
No Ads.
-
Cancel anytime.
