Published March 9, 2023 | Version v1
Journal article Open

ON THE NEED TO CREATE A SINGLE FREELY CONVERTIBLE CURRENCY

  • 1. KarMII Business and innovation management senior teacher of the department

Description

This article discusses the need to reform the world's freely convertible 
currency exchange system. Current freely convertible currencies are based on the 
economy and monetary system of certain countries, and it is not possible for other 
countries to see this system transparently. This situation is bound to provoke protests. 
The article states that a new system should be created that will allow to determine the 
value of the currency on the basis of the principle of transparency for all. It also outlines 
the advantages of restricting the movement of states as freely convertible currencies.

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