entrep1240

THE GLOBAL CURRENCY SYSTEM CONTEMPORARY ISSUES

Hovhannes Melkumyan

Abstract

The article considers contemporary issues of the current global currency system and the necessity of its reformation caused by the incompatibility with the global economic system. It has been analyzed the most possible directions of its reformation and estimated its possible development. Also has been reviewed the increasing role of Chinese Yuan in the international currency market.

Keywords

international currency system; multicurrency system; international currency; reserve currencies; IMF; SDR basket; US Dollar; Euro; Chinese Yuan

JEL Codes: H25

References

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