Signing the document on ensuring a gold ruble, I. V. Stalin said: "the Americans will be, by all possible means, to get rid of dollar surpluses accumulated during the war and released to help many people addicted to them countries. We with our allies have to prevent this development". ...March 1, 1950 in the Soviet Newspapers published the Decision of the Government of the USSR as follows: "In Western countries has occurred and is continuing, the devaluation of currencies that has already led to the devaluation of European currencies. As for the U.S., the continuing increase in the prices of goods of mass consumption and continuing on this basis, inflation, which has repeatedly been declared responsible representatives of the U.S. government, has also led to a significant decrease in the purchasing power of the dollar.
In view of the above circumstances, the purchasing power of the ruble was above its official rate.
In view of this, the Soviet government recognized the need to increase the official rate of the ruble, and the calculation of the ruble not on the basis of the dollar, and the more stable gold basis, in accordance with the gold content of the ruble.
On this basis, the Council of Ministers of the USSR decided:
1. To terminate on March 1, 1950 the definition of the ruble against foreign currencies based on the dollar and put gold on a more sustainable basis, in accordance with the gold content of the ruble.
2. To install the gold content of the ruble in 0, 222168 grams of pure gold.
3. Set on 1 March 1950 the purchase price of the state Bank on gold in 4 roubles 45 kopecks for 1 gram of pure gold.
4. Define to 1 March 1950, the exchange rate against foreign currencies based on the gold content of the ruble, as established in paragraph 2: 4 rubles for one American dollar instead of existing 5 p. 30 kopecks. 11 roubles 20 kopecks per one British pound sterling instead of the existing 14 R. 84 kopecks. to Entrust the state Bank of the USSR accordingly to change the rate of the ruble against other foreign currencies. In case of further changes of the gold content of foreign currencies or change their rates, the state Bank of the USSR to set the exchange rate of the ruble in relation to foreign currencies taking into account these changes".
The memories Premier Zhou Enlai, "Stalin recommended to regulate the rate of money - at least until the economic and social stabilization in the country. Quote : "..If a socialist country ties its currency to the currency capitalist, then of self-sustainable financial and economic system social-the country need to forget. I. V. Stalin". As an example, lifetime financial, and hence political dependence on the West Stalin led to Yugoslavia, whose currency was pegged to a basket of US dollar and British pound sterling. Stalin said: "... sooner or later the West Yugoslavia "fallen off" economically and politically dismembered... ". ( This prediction came true 40 years after Stalin's death, from 1991 to 1999 g, when the military Alliance NATO, supporting separatism in Yugoslavia, has unleashed military aggression and dismembered a single country) inter-state GOLD CURRENCY of the CMEA COUNTRIES in Almost all socialist countries there have been reforms that gave the opportunity to conduct a coherent monetary and General economic policy, including the creation of the interstate Golden ruble. By the way, in those years formed the CMEA (Council for Mutual Economic assistance). In January 1949 it joined the USSR and most of Eastern Europe (except Yugoslavia), and in February 1950, East Germany and Albania. From January 1953 all member countries of the CMEA adopted the single classification of foreign trade products and foreign trade statistics.
Interesting material published in the work of Alexei Chichkina "Forgotten idea that never expire", one of the researchers of the Stalin era.
According to him, in April 1952 in Moscow hosted the international economic conference, which the USSR, Eastern Europe and China have proposed to create a zone of world trade, alternative dollar.