Who owns the Central Bank? - page 4

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I wonder how many pages it will be?
 
Aliaksandr Hryshyn:
IMF)). You have to compare their "recommendations" with the laws that have been passed. It's all there, you have to dig around.

If they do not report to the government, then to whom?
So why follow any IMF "recommendations" if Russia does not take loans from the IMF?
 
Дмитрий:
So why follow any IMF "recommendations" if the RF is not borrowing from the IMF?
The recommendations are compulsory, they are above the Central Bank. Sometimes it is possible to get away with something. It should be noted that the interest rate is very high to use rubles for the development of the country. And there will not be enough roubles, you cannot print as much as the economy needs.
 
Aliaksandr Hryshyn:
Recommendations are enforced, they are above the Central Bank. Sometimes it is possible to get away with something. Note that the interest rate is very high in order to use roubles for the development of the country. And there won't be enough roubles, you can't print as much as the economy needs.
How exactly are they 'forced'?
 
The Central Bank regulates other banks.
 
In a country where one person is responsible for both the ruble exchange rate and the toilet in Anadyr, it is normal.
Oil has fallen, budget revenues have fallen, but the obligations remain. In order to fulfil these ruble-denominated social obligations, it is necessary to drop the exchange rate of the national currency. They did. Everything is in order here.
The idea is correct, the execution and the work of the Central Bank are correct, but it was smooth on paper, but ravines intervened, "something" in whose interests is the Central Bank?
And if it is written in the Russian Constitution that the Central Bank was created to stabilize the national currency, but in fact, by letting the rouble float freely, it "ditched" foreign currency borrowers. And everything got away with it. No one has been able to sue. The Central Bank is not liable to the Russian Federation for its actions.
It cannot be held liable for failing to do so. The Central Bank as a financial body operates autonomously from the RF, but is formally considered its property, not being so in the totality of the facts.
At the very least, there should be legal liability for failure to comply with the RF Constitution. But even that we do not see. Which means that the Central Bank of Russia is an independent branch of economic power, completely autonomous in any of its actions.
strange, don't you think? It feels like the Central Bank of Russia is acting in the interests of the US Federal Reserve. :)
 
Дмитрий:
How exactly are they "forced"?
It's their superiors. Told, done.
 
Aliaksandr Hryshyn:
It's their bosses. It's said and done.
Why aren't you in school?
 
The Central Bank is a legal entity independent of the state;
Only the Central Bank of the Russian Federation has the exclusive right to issue cash and organise cash circulation;
The state cannot dispose of property, let alone gold and foreign currency reserves, without the permission of the Bank of Russia; The state is not responsible for the obligations of the Bank of Russia, and the Bank of Russia is not responsible for the obligations of the Bank of Russia;
The state is not liable for the obligations of the Bank of Russia, and the Bank of Russia is not liable for the obligations of the state;
The Central Bank of the Russian Federation regulates currency relations independently of the Government of the Russian Federation;
The Bank of Russia has the right to seek protection of its interests in international courts, courts of foreign states and arbitration courts;
The Bank of Russia in the financial sphere may give instructions, regulations and instructions on what should be done, both to government bodies, and legal entities and individuals, and everyone must comply with them unconditionally;
The Bank of Russia may not lend to the Russian government, but it is allowed to lend to the economies of other countries;
The Bank of Russia is not at all obliged to comply with the orders of the President, the State Duma, the Ministry of Finance, or any other governmental authority.
It is virtually impossible to dismiss the Chairman of the Bank of Russia before his term of office expires, even if he performs poorly or simply refuses to comply with government orders.
The IMF (International Monetary Fund) is the only institution whose instructions the Central Bank must follow.
 
Alexander Antoshkin:
In a country where one person is responsible for both the ruble exchange rate and the toilet in Anadyr, it is normal.
Oil has fallen, budget revenues have fallen, but the obligations remain. In order to fulfil these rouble-denominated social obligations, it is necessary to drop the exchange rate of the national currency. They did. Everything is in order here.
The idea is correct, the execution and the work of the Central Bank are correct, but it was smooth on paper, but ravines intervened, "something" in whose interests is the Central Bank?
And if it is written in the Russian Constitution that the Central Bank was created to stabilize the national currency, but in fact, by letting the rouble float freely, it "ditched" foreign currency borrowers. And everything got away with it. No one has been able to sue. The Central Bank is not liable to the Russian Federation for its actions.
It cannot be held liable for failing to do so. The Central Bank as a financial body operates autonomously from the RF, but is formally considered to be its property, without being so in the totality of the facts.
At the very least, there should be legal liability for failure to comply with the RF Constitution. But even that we do not see. Which means that the Central Bank of Russia is an independent branch of economic power, completely autonomous in any of its actions.
strange, don't you think? It feels like the Central Bank of Russia is acting in the interests of the US Federal Reserve. :)
I wouldn't be too hasty about the Fed, although they get sandwiched too. On everything else I agree.
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