CONCEPTION AND THE NEED TO CREATE A “SINGLE FREELY EXCHANGEABLE CURRENCY”
Keywords:
the new system of currency exchange, the new international financial institutions, international regulation, Single freely convertible currency, Center, A-Bank, Authorized organization, Central Banks, the openness index of economy, member and non-member state of the Center, cash and non-cash balance of the funds, the risk assessment program, an international agreement, an international regulatory documentAbstract
Highlights the need to reform the world's freely convertible currency exchange system analysis In this article. Freely convertible currencies in use are based on the economy and monetary system of a particular country(s), and there is no way for other countries to see this system publicly. This situation rightly causes protests. Deficiencies in the current currency exchange system are also pointed out. The article presents a new system that allows direct exchange of the national currency (monetary unit) of countries into a freely convertible currency and its advantages.
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