INCREASING THE ROLE OF THE NATIONAL CURRENCIES OF THE MEMBER STATES OF THE EURASIAN ECONOMIC UNION IN INTERNATIONAL SETTLEMENTS

Authors

  • U.A Yuldasheva Associate Professor of the Department “International Finance and Credit” TFI
  • Sh Naimov The article is devoted to the currently observed increase in the role of the national currencies of the EU member states both in mutual international settlements and in settlements with third countries. The object of the study is the currencies of international settlements used to pay for foreign trade operations of the EAEU member states. The study examined the prerequisites that led to an increase in the volume of national currencies in international settlements. The current state and prospects for the development of national currencies in international settlements in the implementation of foreign trade operations within the EAEU and with third countries are analyzed, problematic aspects are identified, ways to strengthen the role of national currencies in the EAEU member states as a means of settlement for foreign trade operations are proposed.

Keywords:

national currencies; international settlements; currency exchange rate volatility; foreign trade operations; settlement currency

Abstract

The article is devoted to the currently observed increase in the role of the national currencies of the EU member states both in mutual international settlements and in settlements with third countries. The object of the study is the currencies of international settlements used to pay for foreign trade operations of the EAEU member states. The study examined the prerequisites that led to an increase in the volume of national currencies in international settlements. The current state and prospects for the development of national currencies in international settlements in the implementation of foreign trade operations within the EAEU and with third countries are analyzed, problematic aspects are identified, ways to strengthen the role of national currencies in the EAEU member states as a means of settlement for foreign trade operations are proposed

References

On Strategic directions of development of the Eurasian economic integration until 2025 [Electronic resource]: Decision of the Supreme Eurasian Economic Council No. 12 of December 11, 2020 // ConsultantPlus. Belarus / LLC "YurSpektr". – Minsk, 2022.

Briefing by the official representative of the EEC Ai Malkina on February 3, 2022 [Electronic resource] // Eurasian Economic Commission. – Access mode:

https://t.me/ilmiy_tadqiqot_uz Ko‘p tarmoqli ilmiy jurnal Aprel, 2023 165

ILMIY TADQIQOT VA INNOVATSIYA ISSN: 2181-3507 VOLUME-2 | ISSUE-3 | 2023

Scientific Journal Impact Factor 2023: 5.541 http://sjifactor.com/passport.php?id=22324

https://eec.eaeunion.org/news/speech/brifing-ofitsialnogo-predstavitelya-eek-iimalkinoj-3-fevralya-2022-goda/?sphrase_id=89927 . – Access date: 23.04.2022.

Vinokurov, E. Increasing the role of the national currencies of the EEC in international settlements report / E. Vinokurov, N. Lavrov, V. Petrenko. – Moscow: Eurasian Development Bank, 2021. – 29 p.

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Published

2023-04-30

How to Cite

Yuldasheva, U., & Naimov, S. (2023). INCREASING THE ROLE OF THE NATIONAL CURRENCIES OF THE MEMBER STATES OF THE EURASIAN ECONOMIC UNION IN INTERNATIONAL SETTLEMENTS. ILMIY TADQIQOT VA INNOVATSIYA, 2(3), 162–166. Retrieved from http://ilmiytadqiqot.uz/index.php/iti/article/view/195