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 ruble), … Read moreWitte’s monetary reform: the gold standard of the ruble