International currency system: calls and prospects for world economy of the 21st century

A. S. Harlanov () and E. V. Zenkina ()

RSUH/RGGU BULLETIN. Series Economics. Management. Law, 2019, issue 3

Abstract: In the present article it is noted that now in the sphere of the international economic coordination new trends arise. First of all it concerns an internationalization of yuan (RMB) as newest phenomenon for global economy. The observed high rates of economic growth of China and also of the PRC foreign trade are a good basis for strengthening of a currency system of China and its monetary unit – yuan. China actively and persistently promotes its currency at the international level, what leads to the formation of the yuan block.

Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:aca:journl:y:2019:id:199

DOI: 10.28995/2073-6304-2019-3-68-78

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