EU2AI Economic Subject Files

136928

1990-1994

series

1.5 linear feet of textual records

Interstate payment problems, Monetary policy, Ruble area, Payments arrangements, New currency units, Credit ceilings, Exchange rate policy

Richard Erb, Alexander Shokhin, Viktor Gerashchenko, Vladimir Mashits, Sergei K. Dubinin, Interstate Bank (ISB), Russian Federation's State Commitee on Economic Cooperation with CIS' Member States

Series consists of files dealing with general aspects of the economic work conducted by the European Department 2 staff, related to the so-called ruble area (the countries from the Former Soviet Union that initially shared a common currency and their mostly unsuccessful attempts to handle interstate economic relations). Documents consist mostly of draft papers sent to and from the European Department 2 (EU2) Immediate Office for information, review or contributions. There are also memoranda exchanged with other departments and between the Front Office, Resident Representatives and EU2 Divisions as well as papers prepared in EU2. Adressees include the Managing Director, Deputy Managing Director, Director of EU2, Deputy Directors, Resident Representatives, Division Chiefs, Directors from other Departments and members of the Working Group on Interstate Economic Relations. The documents consist mainly of Office Memorandums, with Briefing Papers for Missions, Back-to-Office Reports, Statements by the MD and professional papers also represented. The main subjects covered are Coordination of Monetary Policy, Interstate Payments and Financing Arrangements, the creation and failed implementation of an Interstate Bank (ISB), Fund Arrangements in the Ruble Area, Workability of a new ruble area, Discussion on Fund’s Involvement and lessons learned from other currency zones (CFA Franc Arrangements)