CURRENCY OPERATIONS AS THE BASIS OF THE EXCHANGE MARKET

The article examines the meaning of the term «currency operation», analyzes the views of scholars on its interpretation. The authors came to the conclusion that some researchers, treating the notion of «currency operation» link it with the use of currency as a means of payment in international circulation, and another part of researchers linked the research concept with agreements on the sale and purchase of loans in foreign currency. Classification of currency transactions is provided. On the basis of the study, the authors formulated proposals for the self-determination of the concept of «currency operation».