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THE CURRENCY MARKET OF RUSSIA AND THE USA

Journal: Ekonomické trendy (Vol.2, No. 3)

Publication Date:

Authors : ; ; ;

Page : 60-63

Keywords : currency market; dollar; Central Bank; World market; currency intervention; dual currency basket;

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Abstract

Expanding international relations, increasing internationalization of the economic life of our country cause an objective necessity of the formation and development of a reliable, efficiently functioning foreign exchange market. The currency markets ensure the timely im- plementation of international payments, insurance against currency risks, diversification of for- eign exchange reserves, foreign exchange intervention, and the receipt of profit by their partici- pants in the form of different exchange rates. The absence of an alternative to the US dollar only aggravates the situation on the world financial and foreign exchange market

Last modified: 2017-10-04 22:05:32