Russian Currency and Finance

As the new Russian state struggles with the transition to a market economy, the need for radical monetary reform becomes increasingly urgent. Now, Russian Currency and Finance proposes that Russia establishes a currency board that would issue a Russian currency fully convertible with an international currency, backed 100 percent by international bonds. The international community would aid in establishing the currency board by providing the initial reserves. Early supplies of this new Russian currency would be distributed free to Russian citizens. This book gives detailed explanations of how the currency board could be established and how it would work.