| Abstract: | The paper analyzes Russia’s macroeconomic conditions and main trends in its foreign exchange market under financial liberalization.
Structural changes in the Russian foreign exchange market are juxtaposed with major trends and proportions in the world’s
forex market such as swap and futures operations and the increased role of the single European currency in the economy and
finances. In the examination of the initial results of the dual currency basket policy of the Bank of Russia, the accent is
on the foreign exchange market infrastructure, i.e., exchange business, clearing and settlements, as a necessary condition
for Russia’s integration into the world’s financial system. |
