Witte’s monetary reform: the gold standard of the ruble

Thanks to the monetary reform of 1897, carried out by the statesman of the German-Baltic family, Sergei Yulievich Witte, the Russian ruble became one of the stable currencies of the world economy. Witte s monetary reform, which established ruble gold monometallism or the free exchange of the ruble for gold (the gold standard of the … Read moreWitte’s monetary reform: the gold standard of the ruble