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Paper Details

Recent changes in the world currency system of modern world economy

Tengiz Magradze*

Journal Title:International Journal of Social Science, Innovation and Educational Technologies (Online)

The formation of the digital economy is a process of global change in all areas of activity, especially in the field of foreign exchange relations and the global monetary economy. The modern monetary economy is firmly based on new financial technologies (information technology and the Internet, blockchain, etc.). The emergence in the world economy of the latest financial instruments based on digital technologies, requires the solution of a number of new and constantly emerging problems. Moreover, not only the state, but also market participants - investors and ordinary buyers are interested in the speedy resolution of currency circulation issues, since the lack of specific legal aspects of the definition of digital money does not represent the possibility of their widespread implementation and effective use in the institutional framework of the current legislation of many countries of the world, including in Russia.