Central bank still basking in Communism

FEATURE - In Russia, says the Moscow Times, "independence" is usually understood as the right to act with impunity and "control" as state intervention. These peculiarities of our national perception of reality were fully in evidence during the recent skirmish over the independence of the Central Bank, which led in the end to Viktor Gerashchenko's departure.

Originally published in the Moscow Times, 27 March by Yulia Latynina.

The government wanted to monitor the Central Bank's expenditures. The

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