Ways to reduce the money supply in the Soviet economy

The reduction of the money supply in the Soviet economy should go through several stages. With the introduction of a system of favorable exchange rates, the newly created new economic bank (NEB) should undertake an effective change in the capital structure, which can be compared with the implementation of a targeted investment policy. Then all state and non-state enterprises should be allowed (however, if they have established themselves in the group of enterprises with high profitability and proved competitive on the international market over the past year) to exchange their ruble assets at a lower exchange rate with a 50 percent discount, that is, in a ratio of 1:7.5. In any case, only assets can be exchanged at a favorable exchange rate, and we are talking about those of them that were in bank accounts on a certain day. The amount of exchange at a favorable exchange rate should be determined by the indicators of their export goods. For example, only 50% of the total assets of enterprises exporting raw materials can be exchanged at a favorable exchange rate; 60%— for the steel industry, textile, cement, etc.; 80% — for enterprises producing clothing, tools exported to the world market; 90% — for most of the machinery and equipment and 100% — for products of the electrical industry, automobiles, pharmaceuticals, etc., as well as 100% — for all types of household services (transport, mail, information).

In accordance with this, quotas for such scarce goods as grain, vegetable oil, meat, etc. should be carried out in the domestic market in order to reimburse import subsidies. At a favorable exchange rate with a 30 percent discount, an amount of up to 50 rubles can be exchanged. private persons (who are not economic entities). The savings of individuals who ended up in bank accounts on a certain day will be exchanged in parts by a certain time (provided that the money remains in the account by that time), at the appropriate favorable exchange rate. A certain part of pensions and scholarships should also be exchanged at a favorable rate with a 30 percent discount, the rest of the money - at a natural exchange rate in accordance with supply and demand. The land reform being carried out at the same time, according to which a certain part of the land will be offered for free sale for HP to tenants and collective farms, other agricultural cooperatives, will further strengthen the purchasing power of the new currency. When you make your initial deposit, the standard 1xBet bonus is a 100% matched deposit bonus. However, when you use the 1xbet promotion code you get a 130% matched up deposit bonus. 1xBet is one of the bookmakers that have made a reputation for themselves in the sports betting industry. With a license from Curacao, the bookmaker enjoys a good player base. Today, the company is targeting a new and challenging sector – esports. Apart from offering bets, though, they also support digital athletes.