Military Review

How Russia to organize international payments

How Russia to organize international paymentsOnly state currency monopoly will save the country, Professor Katasonov is sure

Let's continue the conversation about the organization of international settlements of Russia in the conditions of economic sanctions from the West.

I would like to immediately emphasize that half measures such as amendments to the Law on Currency Regulation and Currency Control will not help here. We must proceed from the fact that Russia was, is and will always be in a complex world. In a world where her enemies are always greater than her friends. This follows from the diametrical opposition of the Russian and Western civilizations. As Emperor Alexander III said: “Russia has only two reliable allies in the world - the army and the navy”. The Bolsheviks in their own way reinterpreted this idea, expressing it in the chased formula: “Who is who?” I’m talking about this to emphasize that now is a great time to start building a truly independent and strong economy, rather than redecorating shaky hovels, staggering on the unsteady sand of monetary liberalization.

If we talk about the organization of our foreign economic activity, the state monopoly of foreign trade and the state currency monopoly should become the cornerstones of the foundation of our economy. Anyone who believes that sovereign Russia can survive under the conditions of the current economic liberalization (including the liberalization of foreign economic relations) may not read further. The experience of organizing the state monopoly of foreign trade (MMWT) and the state currency monopoly (GWM) has been won and passed the test of time. More precisely, the tests of economic blockades, sanctions and wars, which were almost continuously conducted against our country (first - the Russian Empire, then - Soviet Russia and the USSR) since the beginning of the last century. I have already written more than once about the state monopoly of foreign trade and I will not repeat it.

I will only note that in the past century, the West had two basic requirements (ultimatum, one might say, ultimately) to our country (first — the RSFSR, and then the USSR): to recognize the debts of “old” Russia (according to minimal estimates, 16 billion gold rubles ) and abolish the state monopoly of foreign trade. Only thanks to the enormous advantages of the foreign trade monopoly, which enabled the Soviet Union to flexibly maneuver its resources on foreign markets, did we use the contradictions between individual capitalist countries and monopolies to overcome the blockades periodically organized by the West, boycotts and other attempts to hinder the USSR’s foreign trade.

The essence of the state currency monopoly

It is obvious that GMVT could not be effectively implemented without GWM. GMVT and GVM - two sides of the same coin. The essence of the latter lies in the fact that in the hands of the state all the currency and its equivalent values ​​(first of all, gold) are concentrated; the state carries out all international payments and ensures the most efficient use of foreign exchange reserves. In short, the GWM is a kind of buffer that protects the country's domestic monetary system from the global monetary and financial system (IMFS). First, the IMFS is the source of capitalist elements (financial crises, currency fluctuations, bank failures of banks and companies). Secondly, the West can use the channels of the IMFS for conducting subversive activities against our country (not only broadcast economic sanctions, but also various non-advertised special operations).

The beginning of the state currency monopoly was laid by the Decree of the SNK of the RSFSR of April 22 of 1918 of the year “On the nationalization of foreign trade”. However, in the 1920-s. in connection with the declared new economic policy (NEP) there were serious deviations from the principles of the GWM. In the party and the government there were even supporters of the complete abandonment of the GWM (for example, the then people's commissar of finance, G. Sokolnikov). It was even planned to introduce the complete conversion of the gold chervonets and its free exchange for gold. Banks worked with currency, and they also traded currency on stock and commodity exchanges. The turning point came in the second half of 1920's, when practical preparation for industrialization began. The foreign exchange market was finally eliminated at the end of the 1920s, when bans on the free circulation of currency in the country and even its storage were introduced. The most comprehensive regulation of the GWM is reflected in the resolution of the All-Russian Central Executive Committee and the Council of People's Commissars of the USSR on January 7 on 1937 “On transactions with currency values ​​and on payments in foreign currency”. This document was the basis for regulations relating to the field of international payments and payments in foreign currency of the USSR, which were adopted over the next fifty years.

GWM performed an important creative function - it provided the most efficient use of the country's monetary resources in order to fulfill the plans for the development of the USSR national economy. Clearly this creative function of the GWM manifested itself in the years of industrialization, when the socialist state, with fairly limited foreign exchange resources (several billion gold rubles in the form of various foreign currencies and gold), was able to ensure the purchase of a large number of machines and equipment. Over the period 1929-1940. in the USSR about 9000 enterprises were built. Such a miracle of socialist industrialization would be unthinkable without a state monopoly in the monetary sphere and the sphere of foreign trade.

Settlements with enterprises participating in foreign trade through the mediation of all-union export-import associations were carried out on the basis of domestic prices. At the same time, all positive differences of these prices with foreign trade contract prices recalculated at the official ruble exchange rate were withdrawn to the budget, and negative differences were subsidized from the budget. All budget revenues and expenditures related to foreign economic activity were planned and reflected in the consolidated monetary plan developed by the USSR State Planning Committee. The currency plan was an integral part of the single national economic plan of the USSR.

The USSR State Bank set a single official ruble exchange rate to foreign currencies for all types of operations based on the gold content of currencies. The gold content of the ruble was calculated on the basis of the parity of the purchasing power of the ruble against other currencies, since there were no market benchmarks for its determination in terms of the currency monopoly. After the final collapse of the gold standard in the international monetary system, the ruble exchange rate was pegged to a “basket” of six major currencies (that is why the dollar / ruble exchange rate began to float from 1972 depending on the change in the value of this basket).

The collapse of the currency monopoly system began at the end of the 1980s. as a result of the dismantling of the state monopoly of foreign trade. First, several dozen large industrial associations, and then all enterprises and organizations received the right to independently enter foreign markets.

"Vneshtorgbank" - the main institute GVM

At the heart of the Soviet banking system there have always been three key banks. First of all - "State Bank of the USSR". Further, Promstroybank (the names of this bank changed periodically, this is the last of its names before the collapse of the USSR). The third is the “Bank for Foreign Trade of the USSR” (“Vneshtorgbank”), which was engaged in crediting foreign trade, international settlements, as well as operations with foreign currency, gold and other precious metals. Vneshtorgbank was established on August 18 of 1922 of the year, under the name Russian Commercial Bank. 7 April 1924 was transformed into the “Bank for Foreign Trade of the USSR” (“Vneshtorgbank of the USSR”). In 1987, during the reform of the banking sector, it was transformed into the “Bank for Foreign Economic Activity of the USSR” (“Vnesheconombank of the USSR”, or VEB).

At the time of NEP, the bank was a rather independent structure, but closer to the 1930. came under tight control of the "State Bank of the USSR". The powers of Vneshtorgbank expanded somewhat in 1937, when it received the exclusive right to make payments in foreign currency on foreign trade transactions. In 1961, Vneshtorgbank from the Gosbank of the USSR transferred all operations with foreign banks on the export and import of goods, settlements on non-trade payments, and also lending to Soviet foreign trade organizations. "State Bank of the USSR" retained the exclusive right to conduct transactions with currency values ​​in the country. For foreign trade, the bank had about 1200 correspondents in more than 90 countries of the world (at the beginning of the 1970's). The next push for the expansion of the bank’s activities was the Olympics-80, when it first introduced the practice of direct payments by credit cards, traveler’s checks, eurochips.

Vneshtorgbank of the USSR was a joint stock company operating on the basis of the charter. Among its shareholders at different times were: “State Bank of the USSR”, Ministry of Finance of the USSR, Ministry of Foreign Trade of the USSR, State Committee of the Council of Ministers of the USSR on Foreign Economic Relations, “Ingosstrakh of the USSR”, Ministry of the Sea fleet USSR, Stroybank USSR, the Central Union, foreign trade organizations - Exportles, Soyuzpromexport, Techmashimport, Soyuzpushnina and others. But the State Bank of the USSR has always been the main shareholder. Therefore, Vneshtorgbank was perceived as a structural unit of the State Bank. The head of Vneshtorgbank was simultaneously the deputy chairman of the State Bank.

The country's foremost currency and credit outpost

The USSR had a network of state-owned banks that serviced the country's foreign economic operations. Banking structures began to appear on foreign capital markets, whose shares were owned by Vneshtorgbank of the USSR, Gosbank of the USSR, and a number of Soviet foreign trade associations. They were registered in other countries (primarily in Western Europe) and had a certain immunity against various anti-Soviet sanctions from the West. They operated in the world's leading financial centers - Zurich, London, Paris, Singapore and others. Surprisingly, many of them, despite their obvious Soviet origin, proved to be very effective and competitive against the backdrop of Western banks. But they did not work for the pocket of private shareholders, but for the Soviet state. The main sovzagranbankami were: "Moscow People's Bank" (settled in London and Singapore), "Eurobank" (in Paris), "Donau Bank" (in Vienna), "Ost-West HandelsBank" (in Berlin and Frankfurt), "Russian commercial Bank ”(in Zurich and in Cyprus), JURASKO (in Zurich),“ East-West United Bank ”(in Luxembourg).

Sunset sovzagranbankov began in the years of Gorbachev's restructuring and continued in the period of liberal economic reforms of the era of B. Yeltsin. This is a very interesting and sad page of domestic banking. storieswhich ended about a decade and a half ago. The “black August” 1998 of the year turned out to be fatal for sovzagranbankov. The then main shareholder of sovzagranbank, Vnesheconombank, defaulted on Russia's foreign state liabilities. Naturally, the holders of Russian securities in the face of the largest investment funds and banks in the West began to demand "satisfaction" at the expense of the assets of sovzagranbank, which were de jure owned by Vnesheconombank of the USSR.

And then the following happened: all the sovzagrank banks joined the group of our bank VTB on a single team (this “Vneshtorgbank” was established in 1990 year, not to be confused with the old Soviet “Vneshtorgbank” transformed into VEB). Now this whole network of former sovzagranbankov operates under the sign (brand) of VTB-Europe. Unfortunately, the institutions of this group have become ordinary commercial banks and have long lost all those functions that they had in the USSR and which were associated with the implementation of the state currency monopoly.

Conclusions and offers

Taking into account the domestic experience of the economic development of the USSR, in the conditions of a permanent economic war on the part of the West of the Russian Federation, the following steps are necessary to restore and strengthen their independence in the sphere of international monetary and economic relations.

1. The ban on the free circulation of foreign currency on the territory of the Russian Federation, as well as its free movement across the state border of the Russian Federation (both in cash and non-cash).

2. The ban on the implementation of operations in foreign currency for all banks of the Russian Federation, except for the special authorized bank.

3. Creation of a special state authorized bank of the Russian Federation, which could perform all functions in the field of state currency monopoly. The main function of such a bank (conditional name - “Currency Bank of the Russian Federation”) should be the performance of international settlements and payments in the interests of enterprises and organizations of the Russian Federation.

4. Transfer of currency reserves of the Bank of Russia to the balance of the Currency Bank of the Russian Federation. Amendments to the Federal Law “On the Central Bank of the Russian Federation”, providing for a radical restructuring of the emission mechanism of the Central Bank - a departure from the issue of rubles for accumulated foreign exchange reserves and the transition to emission in the form of loans for the domestic economy.

5. The restructuring of the Central Bank will inevitably require restructuring the work of the entire banking system of the Russian Federation. The main function of Russian banks will be ruble lending to enterprises and organizations in the real sector of the economy, which, in turn, will require a long chain of urgent measures to restructure the principles of operation in the banking and real sectors of the economy.

6. Determination of the settlement procedure for export, import and other operations of an authorized bank with Russian enterprises and organizations in national currency, that is, in rubles.

7. The creation of a special body (department) within the government that would prepare the state currency plans, submit these plans to the government for approval and oversee the implementation of the plans.

8. The phased restoration of the state monopoly of foreign trade. Creation of specialized state organizations that have the authority to conduct export and import operations and closely cooperate with the aforementioned authorized currency bank of the Russian Federation.

9. Determining the order of interaction and settlements of all Russian enterprises and organizations with specialized export-import organizations.

10. Creation of several joint-stock banks registered in foreign countries and conducting operations on behalf of and in the interests of the Currency Bank of the Russian Federation. Determining the status of such banks as subsidiaries of the Currency Bank of the Russian Federation.

The proposed steps are described extremely schematically. But their logic is clear - the restoration of the state monopoly in the sphere of foreign trade and currency operations, the cardinal restructuring of the Bank of Russia and its transformation from the institute of “currency management” into the national central bank, fundamental changes in the entire banking sector of the country, and so on. Many may be frightened or, at least, alerted by a similar plan of a grandiose restructuring of our monetary and credit sphere, which will “pull” the restructuring of the entire economic mechanism of the country. But we have no choice. I repeat once again: half measures will not be able to create a reliable defense against the economic aggression of the West against Russia.
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  1. Vitaly Anisimov
    Vitaly Anisimov 20 May 2014 18: 20
    Many may be frightened, or at least alerted, by a similar plan of a grand restructuring of our monetary sphere,

    That's right .. It's not that simple. The world economy is tied to the dollar and chopping off your shoulder is like putting your head on the guillotine and pulling the rope yourself .. Here it’s like they agreed on something with the PRC to start (settlements) with Iran too .. You can’t rush in these matters and make too much noise ..) Money loves silence ..!
    1. Andrey Yuryevich
      Andrey Yuryevich 20 May 2014 18: 27
      US Resource Strategist Warns US Government and Society. Amid tensions between the United States and Russia in recent months, many international analysts have warned of the consequences, which could include everything from thermonuclear explosions and asymmetric warfare to financial cyberattacks, the use of weapons of mass destruction, or disconnecting a national power grid. The Obama administration has already begun to implement sanctions against Russian politicians and business interests. But instead of offering solutions leading to compromise, controversial geopolitical maneuvers can only add fuel to the fire, writes strategic position against the United States and gives them the opportunity to exert significant pressure if they wish to respond with sanctions. The country is rich in oil and gas. They used this advantage more than once in negotiations with Europe, simply threatening to cut off the gas supply if their requirements are not met. But there is something that most people do not understand, namely, Russians also dominate the rare-earth metals sector, namely uranium mining. If Russia restricted uranium exports, Katus explains, life as we know it in the United States could stop. If this happened, America’s lights would go out. And that would be the greatest blackout in American history ... The irony is, John Kerry is going with Obama, and they talk about all these sanctions that they are going to punish the Russians. But if the Russians want, they can destroy the American energy matrix, and 20%, every fifth house in America will be left without light. You must remember the facts ... You can talk about hopes and dream about everything you want, but the reality is that every fifth house in America depends on Russian fuel.
      Source: wink
      1. Setrac
        Setrac 20 May 2014 21: 22
        Quote: Andrey Yurievich

        - Russia and the Union - as Matryoshka. They were nested in each other. In reality, we competed with Russia, but she was in the form of the Union, that is, she had huge Giri on her feet. Now, with the collapse of the Union, these Gears have been removed, Russia will overcome its current problems and become much more evil and powerful, and will well remember everyone who has offended it now. And I would like to be the same Friend of Russia as I was the Enemy for the Soviets.

        It is necessary to put on the best horse. Do you want to know what kind of Geary she had? This is in numbers - there were two bottomless holes in the Union, where all budget surpluses flowed - Agriculture and Social Assistance. Since today's Russia may have former incomes and not spend money on these unprofitable items of expenditure - in the coming years it will become stronger and more dangerous than the USSR.

        - I do not understand - why Russia will be able to cut its spending on social assistance and agriculture?

        - It's all in numbers. The main consumers of rural farms in the Union were in Ukraine. Ukraine is leaving - the Russians are closing the "black hole" in the budget for subsidies for the village. The main consumers of social assistance were located in Central Asia and the Caucasus. If there is no Union, then Russia, the main earner for the Union budget, stops subsidizing its large Muslim republics. And then - arithmetic, - Ukraine, Central Asia and the Transcaucasus find themselves with budget deficits and plunge into the abyss of despair, Russia turns out to have budget surpluses and its treasury turns out to be bigger and more powerful than the Soviet one. And then she will return with a triumph and remember us all, but our economy already has a boundary condition - zero profit. My opponent, Clinton, promises to “stimulate the economy,” which means that we are in debt, and our economy is in a state where we can no longer afford to borrow. This means that our budget will be negative and over time we, as a country, will become naked and barefoot, and the Russians will be rich and powerful.

        From an interview with Bush Sr. 1992.
    2. Grbear
      Grbear 20 May 2014 18: 43
      That's exactly what everything is too right... Everything is fair, fair and for the benefit of the state in theory ... and is very similar to the nationalization of Akhmetov in the DPR. But, firstly, other scales and secondly, not calculated consequences in the short term. And in this way, one should hurry, not in a hurry, well poking a stick into the "swamp" of the international financial system. hi
    3. siberalt
      siberalt 20 May 2014 20: 26
      Do not scare comrades! If the state is sovereign, it has its own national currency. Our ruble is a miserable bargaining chip of the American dollar, and even with limited capabilities. Yes, and its issue depends on the will of the IMF. What is the market when Russia does not have its own state bank with the right to issue? Join the ranks of our GCD!
    4. The comment was deleted.
  2. zanoza
    zanoza 20 May 2014 18: 20
    It seems to have been .... request Need to defend yourself! This is undeniable. good .
    But the recommendations are very radical ... 180 * turn ...
    1. v245721
      v245721 20 May 2014 18: 37
      I completely agree . interstate relations yes, it is necessary to translate into rubles. but circulation of volatility in the country should be free. as in the whole world, thank God, we do not live in the USSR
      1. mamont5
        mamont5 20 May 2014 19: 05
        Quote: v245721
        I completely agree . interstate relations yes, it is necessary to translate into rubles. but circulation of volatility in the country should be free. as in the whole world, thank God, we do not live in the USSR

        That's it, keeping and not letting go is not the best choice.
        1. Dym71
          Dym71 20 May 2014 19: 49
          For those who are interested in understanding the position of V.Yu. Katasonov.

          Affordable, concise. (article hard)
  3. bulvas
    bulvas 20 May 2014 18: 21
    I do not believe

    Too much use of the word "ban"

    We must start with the main: our products (meat, milk, vegetables, fruits), our tourism (thank God there is where), our medicine, our education, etc.

    A significant part of the currency will remain in the country, plus the profession of specialists will be in demand, jobs will appear

    It’s funny, after all: people travel to Finland in winter to relax on the lakes and take a steam bath!

    Huge empty areas, meadows - this is where the resources
    1. Bobxnumx
      Bobxnumx 20 May 2014 18: 46
      The article does not raise questions about production. Of course there are more questions than answers, but there is probably something to learn from the Soviet past. You just need to thoughtfully, leisurely analyze the experience of building fin. system of the USSR, and all positive to take on "armament".
  4. ia-ai00
    ia-ai00 20 May 2014 18: 23
    Under the USSR we lived without $$, and now we will live!
    I have their candy wrappers, sorry, TO THE HAIRDRESSER! It will be necessary to go somewhere, I’ll change it in the State Bank, and I’m not going to support the soap bubble from the USA! And I don’t want to go anywhere except in Russia!
  5. Vitaly Anisimov
    Vitaly Anisimov 20 May 2014 18: 38
    I recently read an article like this and that’s what was interesting in it ..
    After the victory over Germany (more or less recovered already), the gold reserve of the USSR was 2000 tons .., one of the strongest armies in the world, political weight in the world.! Iran (and not only it) offered us to pay in rubles .. JV Stalin modestly refused. Because he understood that it would be the 3rd world and the USSR is still weak to compete with the global financial system.! Think about it .. It’s necessary to prepare for this urgently, but just don’t cut it off your shoulders and without tantrums .. (quietly systematically and most importantly strengthen your economy) I think these are the things ..
  6. saag
    saag 20 May 2014 18: 38
    It seems they spoke well about Kasatonov, but then he suffered
    1. fleks
      fleks 20 May 2014 18: 56
      well, why did it happen, just Comrade Katasonov shows that if our country and we want to survive on the earth, we must return to the socialist path of development, but already at a new level, otherwise we are meat for America
      1. The comment was deleted.
      2. siberalt
        siberalt 20 May 2014 20: 35
        saag, at least one clever idea. Do not be afraid of the word counter-revolution! She is already moving from the southeast of Ukraine. The socialist structure of the world order is inevitable according to the law of the evolution of the human community. We were just the first in this experience. It’s not immediately possible to learn to fly.
  7. vadimN
    vadimN 20 May 2014 18: 39
    Well, yes .. It was all already in our country ... it was ...
    Instead of creating a competitive economy and becoming an independent country based on our national wealth, we are again offered to fence ourselves off from the World ... Well, yes, it's easier. Only is it necessary? Will the people of Russia benefit from this? I am not saying no, but I can’t say “yes” for sure either.
    1. fleks
      fleks 20 May 2014 19: 02
      please name at least one competitive newly created Russian company besides oil and gas producing or trading in titanium
      1. Dym71
        Dym71 20 May 2014 20: 00
        Quote: fleks
        please name at least one competitive newly created Russian company besides oil and gas producing or trading in titanium

        Offhand, without thinking - Kaspersky.
      2. Setrac
        Setrac 20 May 2014 21: 31
        Quote: fleks
        please name at least one competitive newly created Russian company besides oil and gas producing or trading in titanium

        For people like you there is a site "Made by us" for example:
        -Production of Russian Helicopters tripled
        -New processing centers installed at KMP
        -Overview of the Russian 4-core processor Elbrus-4C. Part 3: tests, comparison with Intel.
        -OJSC “Vorkutaugol” commissioned a unique gas-piston thermal power plant
        I found these headers in a few minutes.
      3. vadimN
        vadimN 21 May 2014 10: 48
        Quote: fleks
        please name at least one competitive newly created Russian company besides oil and gas producing or trading in titanium

        In fact, there are quite a few of them ... It's just that many names are not as public as, for example, Rosneft ... and the scale is smaller - rather, medium-sized business than large. I can speak about this with confidence, because I myself work at one of such enterprises: "BIG Filter", St. Petersburg. Manufacture of automotive filters (oil, air, fuel, cabin). Half of the production is exported and sold in Europe by large and well-known autos. Air filters are supplied directly to the conveyors of the VW and Skoda carmakers. Last year, we received an offer from the Bently plant, negotiations are underway to supply air filters for cars of this brand ... That's it ... We can, whenever we want! Private enterprise, created in St. Petersburg "from scratch" about 20 years ago ...
    2. 20 May 2014 19: 39
      Quote: vadimN
      again they offer to fence themselves off from the World ... Well, yes, it's easier. Is it only necessary? Will it benefit from this people of Russia?

      And many people of Russia benefited from the guardianship of oligarchs and officials? ErEf exceeded the economic indicators of the Russian Federation in the USSR?
      1. Setrac
        Setrac 20 May 2014 21: 31
        And much did the people of Russia benefit from the guardianship of oligarchs and officials? ErEf exceeded the economic indicators of the Russian Federation in the USSR?

        Surpassed, do not hesitate.
 20 May 2014 22: 13
          Quote: Setrac
          Surpassed, do not hesitate.

          Well, if, in the scale of corruption and "cuts", then you are undoubtedly right.
          1. Setrac
            Setrac 20 May 2014 22: 21
            Well, if, in the scale of corruption and "cuts", then you are undoubtedly right.

            No one can beat the Americans in this matter
     21 May 2014 05: 53
              Quote: Setrac
              No one can beat the Americans in this matter

              3,14 bed mattresses are an individual article, and its colony is also an individual article. If you think that the people of Russia have benefited from the tutelage of oligarchs and officials, this is your right. The oligarchs and corrupt officials "sincerely" believe in this, and the "tolerant" EEf media cheerfully assent to them in this.
          2. vadimN
            vadimN 21 May 2014 10: 55
            Well, if, in the scale of corruption and "cuts", then you are undoubtedly right.

            And the introduction of a state monopoly on currency will save us from corruption and cuts ??? Rather, it will give them a new impetus for development ...
            This already happened in the USSR, when society was divided into patricians admitted to the foreign feeding trough (foreign trade, foreign travel, foreign business trips, etc.) and plebeians who hunchback within the Fatherland for "wooden" rubles ...
  8. PRN
    PRN 20 May 2014 18: 42
    After giving up the dollar, you can think about building a canal
  9. Sergey Eagle
    Sergey Eagle 20 May 2014 18: 53
    A good plan in case of war. It must be taken into account in the civil defense system.
  10. Multicast
    Multicast 20 May 2014 18: 55
    100% time to do it! And the faster these stages are completed, the faster Russia will gain strength both financially and politically ... The main thing is that the liberals should not be allowed to roam.

    And it will be like in Ukraine (((Such a country in 24 years to kill ....
  11. mig31
    mig31 20 May 2014 18: 57
    I think that big changes await us, where the role of Russia will be decisive ...
  12. bubla5
    bubla5 20 May 2014 19: 02
    All this is possible when we shoot our oligarchs
  13. SBC
    SBC 20 May 2014 19: 11
    1. We all obey the laws.
    2. The main law is the Constitution of the Russian Federation.
    3. According to the Constitution of the Russian Federation, the main thing for money is the Central Bank of Russia.
    4. The building of the Central Bank of the Russian Federation belongs to Russia, and the rest is the US Federal Reserve!
    5. Conclusions: ..........
  14. Vitaly Anisimov
    Vitaly Anisimov 20 May 2014 19: 21
    Come on guys, we will fail this dollar sooner or later .. (the main thing is that everything goes away with minimal losses for Russia) And some countries are very fond of correcting and stabilizing their finances at our expense .. This time it won’t work!
  15. Palych9999
    Palych9999 20 May 2014 19: 33
    1. The transition to settlements in rubles for energy. Oil and gas are not potatoes, there are long-term contracts that cannot be redone unilaterally, it takes a long time to replace them with new ones and change the current ones.

    2. Switching to quotes in rubles on energy prices (for trading in rubles) on Russian sites is absolutely hellish work, if only because no one has ever really done anything like this.

    3. Own payment system

    4. Preparation of import substitution or establishing work with Asian suppliers (not in emergency mode)
  16. Giant thought
    Giant thought 20 May 2014 19: 43
    All this indicated in the article can be considered as one of the options, because there are other sensible suggestions of respected people.
  17. Anton-sed
    Anton-sed 20 May 2014 19: 48
    Words alone. When will they do it?
  18. Timmir
    Timmir 20 May 2014 20: 06
    For our economists, it’s time to reconfigure our brains for independence. They think like they were taught in western schools. This is certainly not bad, but without their vision of the situation, they will not be the first when, just like our country.
  19. uzer 13
    uzer 13 20 May 2014 20: 36
    Banking reform is necessary. All crises that have occurred in Russia are a direct consequence of defects in the financial and economic system. At the moment, the banking sector is not working, it is engaged in usurious operations and speculating loans. That is, this is an unnecessary unproductive link in the state economy, since investing these banks are not interested in the real development of industry. It is more profitable for them to resell cheap western credit.
  20. Penzyac
    Penzyac 20 May 2014 21: 38
    I do not think that a return to the structure and mechanisms of currency circulation and foreign trade is what we really need.
    This is a very, very controversial issue.
    GM and GMT in the USSR did not badly serve the system behind the "iron curtain", whether we need it now is a big question.
    Much has changed, almost everything, how many will now agree with the currency restrictions that existed in the USSR?
    For example, each tourist who went to the "capital countries", and only on the official tour voucher, they exchanged rubles for foreign exchange. currency at the rate of only $ 30, so to speak, just to see and drink some coffee. Therefore, almost all "Russo-tourist" brought with them some kind of convertible goods for sale, for example, two bottles of vodka (no longer allowed), matryoshka dolls or a heavy Soviet iron. How do you, young people, have such a plot? At this point, even in Turkey, and then according to strict quotas, except for the all-inclusive system, you will not go.
    In addition, inside the country, except as used in a consignment shop, it was impossible to buy anything imported that was not purchased by import by state foreign trade organizations specifically for sale to the population. That is, what and how much the population needs was decided not by it, but by officials. I remember well how my friends and I went to the "lump" to look at Grundiki and Sonya. What kind of internet trade is there, especially?
    Are we all ready to abandon foreign cars and change to GAZ, VAZ and IZHI (I have a Zhiguli, by the way); his father was so "eared", and his friend had a "hunchback").
    And gold could be had only in the form of jewelry or coins (limited).
    In my opinion, at the present stage, it is necessary to find other mechanisms for the country's financial and economic independence, including foreign trade exclusively in rubles, than the return of Soviet structures and mechanisms (GM and GMT), especially since absolute independence is still not it happens.
    Each system has its advantages and disadvantages. So, all of this is debatable, oh, how debatable!
  21. Tektor
    Tektor 20 May 2014 22: 19
    It is enough, for starters, to deprive the US dollar of the status of a freely convertible currency ... But there is no need to introduce a complete ban.
    1. The comment was deleted.
    2. postman
      postman 21 May 2014 02: 46
      Quote: Tektor
      to begin with, deprive the US dollar of the status of a freely convertible currency.

      How do you imagine this?
  22. PValery53
    PValery53 20 May 2014 23: 13
    Lacking today a sovereign monetary and banking system and, in general, an economy, Russia is actually paying a monetary tribute to the US Federal Reserve System. To begin with, of course, you need to throw off these chains. And a monopoly on foreign trade, with a prudent non-corruption execution, will give a more rational use of currency: we will no longer let such rubbish as "Bush's legs" or poisonous rubbish from China into the domestic market. And currency regulation should not reach such an absurdity as $ 30. on a trip abroad! With prudent economic management, the country will "rise" surprisingly sharply!
    1. postman
      postman 21 May 2014 02: 54
      Quote: PValery53
      Having no sovereign monetary and banking system and, in general, economy, Russia

      What is that supposed to mean?
      1. The control over currency transactions in Russia is carried out by the Central Bank of the Russian Federation.
      2. The legislation of our country does not provide for free unlimited conversion operations.
      3. Due to the peculiarities of the currency and tax laws, dealing centers registered in Russia usually do not have a legal right to provide financial services.
      truth and MINUS IS-Most large dealing centers generally have foreign registration, and local representative offices do not bear any legal responsibility or do not have official registration at all.
      4. “Commission for the regulation of relations of participants in financial markets” (KROUFR)
      5. Federal Service for Financial Markets of Russia
      6. Ministry of Finance of the Russian Federation
      7. The activities of Russian organizations providing dealing services in full are subject to Russian taxation.
      8. Federal Law of the Russian Federation of November 25, 2009 N 281-ФЗ, changes from 2010 of the Tax Code
      About the economy (
      Quote: PValery53
      and, in general, economics
      ) generally keep silent

      Where do you live? On topwar or what?
      1. PValery53
        PValery53 21 May 2014 08: 14
        With his arrogance - to the home kitchen.
        1. postman
          postman 21 May 2014 16: 14
          Quote: PValery53
          With his arrogance - to the home kitchen.

          Does the cook rule?
          1. Arrogance is not. This is your haze
          2. You have stupidity, because you will smite utter nonsense.
          in order to judge the topic that you are speaking about, you need to (at least)
          - "read" Federal Law of 10.12.2003 No. 173-FZ "On Currency Regulation and Currency Control" (as amended by Federal Laws of 10.12.2003 No. 173-FZ (revised on 26.07.2006), dated 29.06.2004 No. 58 -FZ, dated 18.07.2005 No. 90-FZ, dated 26.07.2006 No. 131-FZ, dated 30.12.2006 No. 267-FZ, dated 17.05.2007 No. 83-FZ, dated 05.07.2007 No. 127-FZ, dated 30.10.2007 .242 No. 22.07.2008-FZ, dated 150 No. 15.11.2010-FZ, dated 294 No. 07.02.2011-FZ, dated 8 No. 11.07.2011-FZ, dated 200 No. 18.07.2011-FZ, dated 236 No. 21.11.2011- FZ, dated 327 No. 06.12.2011-FZ, dated 406 No. 06.12.2011-FZ, dated 409 No. 14.03.2013-FZ, dated 29 No. 07.05.2013-FZ, dated 102 No. 02.07.2013-FZ, dated 155. 23.07.2013 No. 251-FZ, dated XNUMX No. XNUMX-FZ)
          - to issue at least once a PS, a Certificate of foreign exchange transactions, a certificate of supporting documents.
          It is advisable to "hold" in the hands of the foreign economic activity contract and the declaration of goods.
          And then bleat
  23. postman
    postman 21 May 2014 02: 37
    Quote: Author Valentin Katasonov
    Many may be frightened, or at least alerted, by a similar plan of a grand restructuring of our monetary sphere ...

    1. The author's roof was blown off, together with Prof. Kasatonov.
    2. it already happened (the whole CMEA, the old com. China, before Nixon, the DPRK now is: okay, that there will be no toilet paper, there will be nothing to eat (as in the DPRK)
    3. Probably Valentin Katasonov and Prof. Kasatonov, as well as a group of interested comrades "imagine themselves in the CHAPTER
    Quote: Author Valentin Katasonov
    specialized export-import organizations.
    I remember snickering hogs from any "foreign trade (meth, special, etc.) import.
    These employees, by the way, all "had" the surnames "Ivanov" and "Sidorov". I will keep silent about nationality
    The implementation of this program:
    -corruption, nepotism, thieves, deficit
    - salaries of managers from $ 50 a year, oh yes, I forgot, in rubles of course
    -the passport and exit permit are ONLY ONLY, after passing the commission, and the delivery of currency and sn after the trip.
    - Again, nimble cops will sculpt articles for currency fraud
    - Introduction of currency checks.
    And as a result, the BUNCH (another) society
    But is it necessary? rake again!
  24. Slovek
    Slovek 21 May 2014 06: 07
    First, the problem must be solved with all sorts of "elites" bureaucrats and oligarchs, who need Russia only to siphon off money, and they themselves have been living over the hill for a long time and at any trouble they get out of the country. Any reform that is the best for the country, but affecting their interests, will be slowed down in every possible way, will be ridiculed and discriminated against, and ultimately will not be fulfilled. It is also necessary to take all media outlets belonging to them under strict control. Looking at today's "elite" I understand more and more the methods of Comrade Stalin and those that are being pursued by today's China.