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Monetary Reform In Russia, 1993
Russia's monetary reform of 1993 took place from 26 July to 7 August 1993. Objectives Russia's 1993 currency reform was intended to tame inflation and exchange the banknote A banknote—also called a bill (North American English), paper money, or simply a note—is a type of negotiable instrument, negotiable promissory note, made by a bank or other licensed authority, payable to the bearer on demand. Banknotes w ...s remaining in circulation from 1961 to 1992 for banknotes of a new design. The reform was confiscatory, as there were a number of restrictions on the exchange of banknotes. In addition, the reform was carried out during the summer holidays, which created additional problems for citizens. The Central Bank of the Russian Federation issued a clarification that the exchange of banknotes after 1 October 1993 would be made exclusively on presentation of documents that proved the impossibility of exchange in a timely manner. That restriction was also aimed at combating ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Russia
Russia (, , ), or the Russian Federation, is a transcontinental country spanning Eastern Europe and Northern Asia. It is the largest country in the world, with its internationally recognised territory covering , and encompassing one-eighth of Earth's inhabitable landmass. Russia extends across eleven time zones and shares land boundaries with fourteen countries, more than any other country but China. It is the world's ninth-most populous country and Europe's most populous country, with a population of 146 million people. The country's capital and largest city is Moscow, the largest city entirely within Europe. Saint Petersburg is Russia's cultural centre and second-largest city. Other major urban areas include Novosibirsk, Yekaterinburg, Nizhny Novgorod, and Kazan. The East Slavs emerged as a recognisable group in Europe between the 3rd and 8th centuries CE. Kievan Rus' arose as a state in the 9th century, and in 988, it adopted Orthodox Christianity from the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Citizenship Of Russia
Russian citizenship law details the conditions by which a person holds citizenship of Russia. The primary law governing citizenship requirements is the federal law "On Citizenship of the Russian Federation", which came into force on 1 July 2002. Any person born in Russia to at least one Russian parent, or born overseas to two Russian parents, receives Russian citizenship at birth. Foreign nationals may become citizens by admission after meeting a minimum residence requirement (usually five years), proving a legal source of income, and demonstrating proficiency in the Russian language. Russia previously led the Soviet Union and local residents were Soviet citizens. Following the dissolution of the Soviet Union, all post-Soviet states established separate citizenship laws. Although citizens of the former Union Republics are no longer Soviet, they continue to be eligible for a facilitated acquisition of Russian citizenship in which they can be exempted from some requirements for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reform In Russia
Reform ( lat, reformo) means the improvement or amendment of what is wrong, corrupt, unsatisfactory, etc. The use of the word in this way emerges in the late 18th century and is believed to originate from Christopher Wyvill#The Yorkshire Association, Christopher Wyvill's Association movement which identified “Parliamentary Reform” as its primary aim.Reform in English Public Life: the fortunes of a word. Joanna Innes 2003 Reform is generally regarded as antithetical to revolution. Developing countries may carry out a wide range of reforms to improve their living standards, often with support from international financial institutions and aid agencies. This can include reforms to macroeconomic policy, the civil service reform in developing countries, civil service, and Public finance, public financial management. In the United States, rotation in office or term limits would, by contrast, be more revolutionary, in altering basic political connections between incumbents and constit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Finance In Russia
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assess ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monetary Reform
Monetary reform is any movement or theory that proposes a system of supplying money and financing the economy that is different from the current system. Monetary reformers may advocate any of the following, among other proposals: * A return to the gold standard (or silver standard or bimetallism). * Abolition of central bank support of the banking system during periods of crisis and/or the enforcement of full reserve banking for the privately owned banking system to remove the possibility of bank runs, possibly combined with sovereign money issued and controlled by the government or a central bank under the direction of the government. There is an associated debate within Austrian School whether free banking or full reserve banking should be advocated but regardless Austrian School economists such as Murray Rothbard support ending central bank bail outs (" ending the Fed"). * The issuance of interest-free credit by a government-controlled and fully owned central ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic History Of Russia
After the Dissolution of the Soviet Union, collapse of the Soviet Union in 1991 and collapse of Russian Soviet Federative Socialist Republic, Soviet Russia's centrally-planned economy, controlled economy, a new Russian Federation was created under Boris Yeltsin in 1991. The Russian Federation had multiple economic reforms, including privatization and market and trade liberalization due to the collapse of communism. The economy is much more stable than in the early 1990s, but inflation still remains an issue for Russia. Historically and currently, the Russian economy has differed sharply from major developed economies in terms of a weak legal system, underdevelopment of modern economic activities, technological backwardness, and lower living standards. Historical background For about 69 years, the Russian economy and that of the rest of the Soviet Union operated on the basis of a centrally planned economy, with a state control over virtually all means of production and over inv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Belarus
Belarus,, , ; alternatively and formerly known as Byelorussia (from Russian ). officially the Republic of Belarus,; rus, Республика Беларусь, Respublika Belarus. is a landlocked country in Eastern Europe. It is bordered by Russia to the east and northeast, Ukraine to the south, Poland to the west, and Lithuania and Latvia to the northwest. Covering an area of and with a population of 9.4 million, Belarus is the 13th-largest and the 20th-most populous country in Europe. The country has a hemiboreal climate and is administratively divided into seven regions. Minsk is the capital and largest city. Until the 20th century, different states at various times controlled the lands of modern-day Belarus, including Kievan Rus', the Principality of Polotsk, the Grand Duchy of Lithuania, the Polish–Lithuanian Commonwealth, and the Russian Empire. In the aftermath of the Russian Revolution in 1917, different states arose competing for legitimacy amid the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kazakhstan
Kazakhstan, officially the Republic of Kazakhstan, is a transcontinental country located mainly in Central Asia and partly in Eastern Europe. It borders Russia Russia (, , ), or the Russian Federation, is a transcontinental country spanning Eastern Europe and Northern Asia. It is the largest country in the world, with its internationally recognised territory covering , and encompassing one-eigh ... to Kazakhstan–Russia border, the north and west, China to China–Kazakhstan border, the east, Kyrgyzstan to Kazakhstan–Kyrgyzstan border, the southeast, Uzbekistan to Kazakhstan–Uzbekistan border, the south, and Turkmenistan to Kazakhstan–Turkmenistan border, the southwest, with a coastline along the Caspian Sea. Its capital is Astana, known as Nur-Sultan from 2019 to 2022. Almaty, Kazakhstan's largest city, was the country's capital until 1997. Kazakhstan is the world's largest landlocked country, the largest and northernmost Muslim world, Muslim-majority cou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Internal Passport Of Russia
The Internal Russian passport (officially in russian: Паспорт гражданина Российской Федерации ''Pasport grazhdanina Rossiyskoy Federatsii'', "Passport (for) Citizen of the Russian Federation", commonly referred to as ''vnutrenniy pasport'', "internal passport", or ''obshchegrazhdanskiy pasport'', "general passport") is a mandatory identity document for all Russian citizens residing in Russia who are aged 14 or over. The Internal Russian passport is an internal passport used for travel and identification purposes within Russia, which is distinct from the International Russian passport used by Russian citizens to travel in and out of Russian borders. After the dissolution of the Soviet Union in 1991, the Soviet Union internal passport continued to be issued until 1997, when a new regulating decree was adopted by the government and when it was replaced by the Russian internal passport. The current Russian internal passports were first issued ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Resident Registration In Russia
Registration in the Russian Federation is the system that records the residence and internal migration of Russian citizens. The present system was introduced on October 1, 1993, and replaced the prior repressive mandatory Soviet system of '' propiska''. The word "propiska" is still widely used colloquially to refer to the registration program. According to a Russian Constitutional Court decision, registration or absence of registration cannot affect any rights of a citizen. Citizens exercise registration and deregistration on a voluntary basis. Under the current registration program, Russian citizens must register if they live in the same place for 90 days (for Belarusian citizens in Russia and vice versa, registration is required after 30 days). There are two types of registration: * ''Registration of citizens at the place of residence'' (so called "permanent registration" or sometimes "permanent propiska" / "propiska") * ''Registration of citizens at the place of tempora ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boris Yeltsin
Boris Nikolayevich Yeltsin ( rus, Борис Николаевич Ельцин, p=bɐˈrʲis nʲɪkɐˈla(j)ɪvʲɪtɕ ˈjelʲtsɨn, a=Ru-Boris Nikolayevich Yeltsin.ogg; 1 February 1931 – 23 April 2007) was a Soviet and Russian politician who served as the first president of the Russian Federation from 1991 to 1999. He was a member of the Communist Party of the Soviet Union from 1961 to 1990. He later stood as a political independent, during which time he was viewed as being ideologically aligned with liberalism and Russian nationalism. Yeltsin was born in Butka, Ural Oblast. He grew up in Kazan and Berezniki. After studying at the Ural State Technical University, he worked in construction. After joining the Communist Party, he rose through its ranks, and in 1976 he became First Secretary of the party's Sverdlovsk Oblast committee. Yeltsin was initially a supporter of the '' perestroika'' reforms of Soviet leader Mikhail Gorbachev. He later criticized the reforms a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banknote
A banknote—also called a bill (North American English), paper money, or simply a note—is a type of negotiable instrument, negotiable promissory note, made by a bank or other licensed authority, payable to the bearer on demand. Banknotes were originally issued by commercial banks, which were legally required to Redemption value, redeem the notes for legal tender (usually gold or silver coin) when presented to the chief cashier of the originating bank. These commercial banknotes only traded at face value in the market served by the issuing bank. Commercial banknotes have primarily been replaced by national banknotes issued by central banks or monetary authority, monetary authorities. National banknotes are often – but not always – legal tender, meaning that courts of law are required to recognize them as satisfactory payment of money debts. Historically, banks sought to ensure that they could always pay customers in coins when they presented banknotes for payment. This p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
