Assessment of the Prospects for Granting the Status of a Regional Reserve Currency to the Ruble of the Russian Federation
( Pp. 169-177)
More about authors
Yulia I. Yanushkina
Senior Lecturer at the Department of Economic Expertise and Financial Monitoring
MIREA—Russian Technological University
Moscow, Russian Federation
MIREA—Russian Technological University
Moscow, Russian Federation
Abstract:
In the modern global financial order, a number of currencies play the role of reserves, providing stability and liquidity in international financial transactions. In the article, the authors assess the possibility of giving the ruble of the Russian Federation the status of a regional reserve currency, as well as an analysis of the main challenges and threats to achieving this goal.
How to Cite:
Yanushkina Yu. I. Assessment of the Prospects for Granting the Status of a Regional Reserve Currency to the Ruble of the Russian Federation // ECONOMIC PROBLEMS AND LEGAL PRACTICE. 2024. Vol. 20. № 5. P. 169-177. (in Russ.) EDN: NLYQYI
Reference list:
Decree of the Government of the Russian Federation dated 11/12/2023 No. 1681 «On measures to implement the Decree of the President of the Russian Federation dated October 11, 2023 №. 771» // Collection of Legislation of the Russian Federation, 11/23/2023, №. 43, art. 7694.
Adzhieva A.Yu., Tokarev K.K. Digital currency. Prospects for the introduction of the digital ruble into circulation // EGI. 2022. № 44 (6). URL: https://cyberleninka.ru/article/n/tsifrovaya-valyuta-perspektivy-vvedeniya-v-obraschenie-tsifrovogo-rublya.
Alyokhina O.O. Supranational digital currency: prospects, risks and role in stimulating projects of national digital currencies. Risk Management, 2021, No. 2 (98), pp. 59–68.
Gavrilov N.V., Prilepsky I.V. Ruble as the currency of international settlements: problems and prospects. Economic issues. 2017;(6):94-113.
Garipov R.I., Maksimova N.N. The value of the digital ruble for the country's economy // Management in modern systems. 2021. № 4 (32). URL: https://cyberleninka.ru/article/n/znachenie-tsifrovogo-rublya-dlya-ekonomiki-strany.
Gorbunova O.A., Novichenkova M.G. Prospects of using the ruble in international settlements as a world currency // Bulletin of Eurasian Science. 2018. № 3.
Kulaeva E.K., Turaleva A.I., Kalimonov I.K. The Chinese experience of creating a digital national currency // Kazan Bulletin of young scientists. 2022. № 4. URL: https://cyberleninka.ru/article/n/kitayskiy-opyt-sozdaniya-tsifrovoy-natsionalnoy-valyuty.
Litvinova S.A. The mortgage market in Japan: the «soap bubble» of the 1980s and its consequences // State and municipal administration. Scientific notes. 2022. № 1. URL: https://cyberleninka.ru/article/n/ipotechnyy-rynok-yaponii-mylnyy-puzyr-1980-h-gg-i-ego-posledstviya.
Minakov A.V., Egorova E. V. Stability of the national currency as a factor in ensuring the economic security of the state // Russian Journal of Management. 2021. No. 2. pp. 76–80. DOI: https://doi.org/10.29039/2409-6024-2021-9-2-76-80.
Moiseitsev V.V., Yeremeev A.A. Digital yuan: features of China's digital currency // E-Scio. 2021. № 6 (57). URL: https://cyberleninka.ru/article/n/tsifrovoy-yuan-osobennosti-tsifrovoy-valyuty-kitaya.
Monetary regulation of the modern economy: textbook for universities / N. M. Rozanova.—2nd ed., reprint. and add. —Moscow: Yurait Publishing House, 2023. —380 p. —(Higher education). —ISBN 978-5-534-16457-2. —Text: electronic // Yurayt Educational platform [website]. p. 122 —URL: https://urait.ru/bcode/531180/p.122.
Website of the Central Bank of the Russian Federation //https://www.cbr.ru/.
Adzhieva A.Yu., Tokarev K.K. Digital currency. Prospects for the introduction of the digital ruble into circulation // EGI. 2022. № 44 (6). URL: https://cyberleninka.ru/article/n/tsifrovaya-valyuta-perspektivy-vvedeniya-v-obraschenie-tsifrovogo-rublya.
Alyokhina O.O. Supranational digital currency: prospects, risks and role in stimulating projects of national digital currencies. Risk Management, 2021, No. 2 (98), pp. 59–68.
Gavrilov N.V., Prilepsky I.V. Ruble as the currency of international settlements: problems and prospects. Economic issues. 2017;(6):94-113.
Garipov R.I., Maksimova N.N. The value of the digital ruble for the country's economy // Management in modern systems. 2021. № 4 (32). URL: https://cyberleninka.ru/article/n/znachenie-tsifrovogo-rublya-dlya-ekonomiki-strany.
Gorbunova O.A., Novichenkova M.G. Prospects of using the ruble in international settlements as a world currency // Bulletin of Eurasian Science. 2018. № 3.
Kulaeva E.K., Turaleva A.I., Kalimonov I.K. The Chinese experience of creating a digital national currency // Kazan Bulletin of young scientists. 2022. № 4. URL: https://cyberleninka.ru/article/n/kitayskiy-opyt-sozdaniya-tsifrovoy-natsionalnoy-valyuty.
Litvinova S.A. The mortgage market in Japan: the «soap bubble» of the 1980s and its consequences // State and municipal administration. Scientific notes. 2022. № 1. URL: https://cyberleninka.ru/article/n/ipotechnyy-rynok-yaponii-mylnyy-puzyr-1980-h-gg-i-ego-posledstviya.
Minakov A.V., Egorova E. V. Stability of the national currency as a factor in ensuring the economic security of the state // Russian Journal of Management. 2021. No. 2. pp. 76–80. DOI: https://doi.org/10.29039/2409-6024-2021-9-2-76-80.
Moiseitsev V.V., Yeremeev A.A. Digital yuan: features of China's digital currency // E-Scio. 2021. № 6 (57). URL: https://cyberleninka.ru/article/n/tsifrovoy-yuan-osobennosti-tsifrovoy-valyuty-kitaya.
Monetary regulation of the modern economy: textbook for universities / N. M. Rozanova.—2nd ed., reprint. and add. —Moscow: Yurait Publishing House, 2023. —380 p. —(Higher education). —ISBN 978-5-534-16457-2. —Text: electronic // Yurayt Educational platform [website]. p. 122 —URL: https://urait.ru/bcode/531180/p.122.
Website of the Central Bank of the Russian Federation //https://www.cbr.ru/.
Keywords:
world reserve currency, Russian ruble, inflation, sanctions pressure..
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