2006•Voprosy EkonomikiRequires access

Some Requirements for Achievement of Full Convertibility of the Ruble

G. Fetisov

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Abstract

The problems of when and how the ruble will become a fully convertible currency are analyzed in the article. Some requirements for achievement of its full convertibility must be fulfilled. Firstly, the ruble should become a currency of payments for Russian exports of oil and natural gas. Secondly, all restrictions on currency operations have to be abolished.

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What this paper is about

The problems of when and how the ruble will become a fully convertible currency are analyzed in the article. Some requirements for achievement of its full convertibility must be fulfilled. Firstly, the ruble should become a currency of payments for Russian exports of oil and natural gas. Secondly, all restrictions on currency operations have to be abolished.

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Available abstract

The problems of when and how the ruble will become a fully convertible currency are analyzed in the article. Some requirements for achievement of its full convertibility must be fulfilled. Firstly, the ruble should become a currency of payments for Russian exports of oil and natural gas. Secondly, all restrictions on currency operations have to be abolished.

Key concepts: Convertibility, Convertible, Currency, Economics, Oil and natural gas, Payment, Monetary economics, International economics

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