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Currency rate, its gradual movement towards the dual currency basket and transfer to the free conversion in the conditions of sanctions


Elena Chibisova, Oleg Chibisov, Anzor Soltakhanov
(about the authors)

Chibisova Elena I. – Candidate of Science, Economics, Associate Professor of the Chair of Economics; Associate Professor of the Chair of Mathematical Support for Information Systems and Innovation Studies (Moscow Technological Institute; Moscow State University of Economics, Statistics and Informatics)

Chibisov Oleg V. – Candidate of Science, Economics, Associate Professor of the Chair of Economics, Associate Professor of the Chair of Banking and Financial Management (Moscow Technological Institute; Moscow State University of Economics, Statistics and Informatics)

Soltakhanov Anzor U. – Candidate of Science, Economics, Associate Professor of the Chair of Banking and Financial Management (Moscow State University of Economics, Statistics and Informatics)

Published in:
Russian Journal of Entrepreneurship
– Volume 16, Number 15 (August, 2015)



Keywords: currency earnings, currency policy, devaluation pressure, foreign currency, free exchange rate regime, monetary units, sanctions


Citation:
Elena Chibisova, Oleg Chibisov, Anzor Soltakhanov (2015). Currency rate, its gradual movement towards the dual currency basket and transfer to the free conversion in the conditions of sanctions. Russian Journal of Entrepreneurship, 16(15), 2437-2450. doi: 10.18334/rp.16.15.564


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Abstract:

The article discusses the opportunities of applying the mechanisms and models used for creation of an effective strategy for development and reinforcement of the national currency.  The implementation of the main research results gives the opportunity to objectively evaluate the importance of managerial solutions in the use of borrowed funds, to define their negative sides and to conduct monitoring for the purpose of development of certain suggestions to increase the effectiveness of the state funds management system. The conclusions and suggestions contained in the article may be used in practice in countries with transition and developing economies. 








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