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THE GLOBAL CURRENCY SYSTEM CONTEMPORARY ISSUES

Hovhannes Melkumyana ()
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Hovhannes Melkumyana: Armenian state university of economics, Armenia, Yerevan,

Entrepreneurship, 2018, vol. 6, issue 2, 182-189

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 (search for similar items in EconPapers)
JEL-codes: H25 (search for similar items in EconPapers)
Date: 2018
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