The Use of National Currencies and Settlements in them by the EAEU and CIS Countries in Modern Conditions
https://doi.org/10.26794/1999-849X2023-16-6-99-107
Abstract
The subjects of the study are the national currencies of the EAEU and CIS countries and the main areas of their application in modern conditions. The purpose of the work is to analyze the current state of the use of national currencies, including mutual trade, distribution and transfer of customs duties, organization of currency and commodity markets. The acceleration of the de-dollarization of the economies of individual countries and regions of the world has been established, depending on a credible plan to reduce inflation and specific microeconomic measures. It is revealed that the processes taking place in the CIS and the EAEU are in line with this global trend. Priorities and prospects for expanding the use of national currencies by the EAEU member states have been identified. It was noted that such an important instrument of economic cooperation of the EAEU member states as the mechanism for crediting and distributing the amounts of import customs duties is gradually being transferred to the use of national currencies, and the possibility of using the Russian ruble in it is being discussed. The important role of the Bank of Russia’s Financial Message Transmission System, which guarantees the transfer of financial information between banking institutions and acts as a domestic analogue of SWIFT, is emphasized. The decree of the Government of the Russian Federation No. 20 dated 08/26/2022 on expanding the use of national currencies of the EAEU member states is considered in detail.
About the Authors
M. A. Goncharenko
Financial University
Russian Federation
Russian Federation
Mikhail A. Goncharenko — Cand. Sci. (Econ.), Assoc. Prof., Assoc. Prof. of the Department of Banking and Monetary Regulation of the Faculty of Finance
Moscow
L. I. Khomyakova
Financial University
Russian Federation
Russian Federation
Lyubov I. Khomyakova — Cand. Sci. (Econ.), Assoc. Prof., Senior Researcher at the Institute of International Economic Relations Research
Moscow
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Review
For citations:
Goncharenko M.A., Khomyakova L.I. The Use of National Currencies and Settlements in them by the EAEU and CIS Countries in Modern Conditions. Economics, taxes & law. 2023;16(6):99-107. (In Russ.) https://doi.org/10.26794/1999-849X2023-16-6-99-107
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