"Default" or "Devaluation"
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The default on state obligations in the GKO market in August 1998 could have reduced the burden on the country's budget, that is, improved finances. However, to please external and comprador interests, under the pretext of default, the country carried out a catastrophic devaluation of the national currency (the ruble). In addition to the sharp decline in living standards in the Russian Federation, the devaluation of the ruble destabilized the economy and the state, and excluded the Russian Federation from participation in international politics.
The text of the book was translated from the original language using an artificial intelligence program. For the most part, the translation of the text is of very high quality, but in some cases, due to the imperfection of the technology, there may be incorrect phrase translations in the text, as well as single words and expressions may not be translated.
FL/848498/UA
Data sheet
- Name of the Author
- Александр Михайлов Григорьевич
- Language
- Ukrainian
- Release date
- 2018
14 books by the same author:
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The default on state obligations in the GKO market in August 1998 could have reduced the burden on the country's budget, that is, improved finances. However,...