Question

Exchange rate regime in Russia and Kazakhstan

What analysis of scientific discussions and statistical data gives for understanding of selected problem in Russia and Kazakhstan for international economics?

Answer 1

Exchange rate regime is the part of monetary policy of the country which the countries currency exchange with the foreign currency.so the foreign exchange policies taken by a monetary authority for the measurement of the movement in the exchange rate.The exchange rate is which here mentioned between the Russia and Kazakhstan is the type of foreign exchange regime.
The russia's foriegn exchange policy is formulated by the bank of Russia .The most monetary policies formulated on the solution for the financial and economic instability.In 2004 they adopt a restrictive measures to control the capital which mostly control the inflow and outflow. And 2005 they are adopted a dual currency basket as the operational tool for the exchange rate policy of them.and also smooth volatality in the rouble's exchange rate and with other exchange rate.The also adopt an increased focus in its interest rate policy.and also Russia maintain a fully floating exchange amrare regime starting with 2015.
The Kazakhstan also a major countries have very fluctuation in thier foreign exchange ,the country in which adopt devaluation in thier currency. That means it is the process as deliberate measure of the the central bank of the country to manage their currency against in hard currecy of foriegn countries and the always maintain a fixed exchange rate of regime.The choose these policies because of remove the deficiencies of their countries currency.