CURRENCY AND THE INTERNATIONAL MONETARY SYSTEM

Abstract

This article provides an in-depth analysis of the theoretical and practical aspects of currency and the world currency system. It examines the economic functions of currency and its role in international trade and investment. The evolution of the global currency system, its current state, and its impact on the world economy are thoroughly investigated. The paper focuses on the mechanisms of exchange rate formation, challenges in international monetary relations, and potential solutions. This research offers proposals for ensuring the stability of the global currency system and optimizing its impact on national economies