Monetary Union is the future of EAEU

The president of Russian Federation V. Putin's Order from the 10th of March 2015 to the Government and Central Bank of Russia to work on the plan of creating Monetary Union of EAEU by the 1st of September cannot be ignored by scientific community's attention of Russia and other Eurasian co...

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Autor principal: V. S. Kuznetsov
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Publicado: MGIMO University Press 2015
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spelling oai:doaj.org-article:85281cfc418e4b90a79304d603cc258d2021-11-23T14:50:59ZMonetary Union is the future of EAEU2071-81602541-909910.24833/2071-8160-2015-2-41-171-179https://doaj.org/article/85281cfc418e4b90a79304d603cc258d2015-04-01T00:00:00Zhttps://www.vestnik.mgimo.ru/jour/article/view/333https://doaj.org/toc/2071-8160https://doaj.org/toc/2541-9099The president of Russian Federation V. Putin's Order from the 10th of March 2015 to the Government and Central Bank of Russia to work on the plan of creating Monetary Union of EAEU by the 1st of September cannot be ignored by scientific community's attention of Russia and other Eurasian countries. Strategic goal of this document is pretty clear - to create an island of currency stability in the surrounding of Jamaica's Monetary nonsystem and existing monopolar and assimetric world's dollar order, to minimize the dependency of Eurasian countries on US dollar, to hold its world expansion, to freeze the process of financing of USA imbalances by all countries, to turn back the process of dollarization of Eurasian countries and world's dollarization and relieve the world's community from future financial crises. The world's financial and economic crisis of 2008-2010 has clearly shown that US monetary, credit and banking system has become a permanent source of future turmoil of world's scale. It creates a necessity to activate the process of monetary integration of countries on the regional level and transformation of the modern Jamaica's world's dollar standard into the world's multipolar monetary standard. In this article the author analyses he stages of setting up the Eurasian regional monetary order from the creation of multilateral settlement system using common regional currency unit to the introduction of Eurasian currency system with Eurasian currency unit, which can be transformed in the future into the Eurasian Economic and monetary union with common regional currency (euras), which can restrict the world's monopoly position of the dollar.V. S. KuznetsovMGIMO University Pressarticleeurasian regional monetary systemfixed exchange ratescurrency convertibilityeacueamueurazfunctions of moneymonetization of goldInternational relationsJZ2-6530ENRUVestnik MGIMO-Universiteta, Vol 0, Iss 2(41), Pp 171-179 (2015)
institution DOAJ
collection DOAJ
language EN
RU
topic eurasian regional monetary system
fixed exchange rates
currency convertibility
eacu
eamu
euraz
functions of money
monetization of gold
International relations
JZ2-6530
spellingShingle eurasian regional monetary system
fixed exchange rates
currency convertibility
eacu
eamu
euraz
functions of money
monetization of gold
International relations
JZ2-6530
V. S. Kuznetsov
Monetary Union is the future of EAEU
description The president of Russian Federation V. Putin's Order from the 10th of March 2015 to the Government and Central Bank of Russia to work on the plan of creating Monetary Union of EAEU by the 1st of September cannot be ignored by scientific community's attention of Russia and other Eurasian countries. Strategic goal of this document is pretty clear - to create an island of currency stability in the surrounding of Jamaica's Monetary nonsystem and existing monopolar and assimetric world's dollar order, to minimize the dependency of Eurasian countries on US dollar, to hold its world expansion, to freeze the process of financing of USA imbalances by all countries, to turn back the process of dollarization of Eurasian countries and world's dollarization and relieve the world's community from future financial crises. The world's financial and economic crisis of 2008-2010 has clearly shown that US monetary, credit and banking system has become a permanent source of future turmoil of world's scale. It creates a necessity to activate the process of monetary integration of countries on the regional level and transformation of the modern Jamaica's world's dollar standard into the world's multipolar monetary standard. In this article the author analyses he stages of setting up the Eurasian regional monetary order from the creation of multilateral settlement system using common regional currency unit to the introduction of Eurasian currency system with Eurasian currency unit, which can be transformed in the future into the Eurasian Economic and monetary union with common regional currency (euras), which can restrict the world's monopoly position of the dollar.
format article
author V. S. Kuznetsov
author_facet V. S. Kuznetsov
author_sort V. S. Kuznetsov
title Monetary Union is the future of EAEU
title_short Monetary Union is the future of EAEU
title_full Monetary Union is the future of EAEU
title_fullStr Monetary Union is the future of EAEU
title_full_unstemmed Monetary Union is the future of EAEU
title_sort monetary union is the future of eaeu
publisher MGIMO University Press
publishDate 2015
url https://doaj.org/article/85281cfc418e4b90a79304d603cc258d
work_keys_str_mv AT vskuznetsov monetaryunionisthefutureofeaeu
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