SHS Web of Conf.
Volume 94, 2021Sustainable Development of Regions 2020 – XVI International Scientific and Practical Conference “State. Politics. Society”
|Number of page(s)||8|
|Published online||12 January 2021|
Eaeu common regional currency
MSIIR, Udaltsova st., 71, 2, 24, 119454 Moscow, Russian Federation
* Corresponding author: firstname.lastname@example.org
The operation and development of the economies of the EAEU countries is subject to the influence of external economic factors, while the single currency will eliminate the risks associated with the restriction of the use of the dollar due to sanctions and will reduce transaction costs. The article offers an approach for the formation of a single internal currency within the EAEU that is based on the following key provisions: firstly, in modern conditions, the role of digital financial assets (and, consequently, cryptocurrency) is gaining importance in economic regional interaction; secondly, the Russian Federation and the Republic of Kazakhstan have not fully legitimized digital financial assets, but partially recognize them, while preserving the resource-specific nature of the financial and economic sphere; thirdly, the global trend for the demand for an alternative type of money should be considered. The proposed approach is addressed to small regional economic and political associations, which makes it possible to fairly quickly consider current and future changes in pricing of one unit of currency. In addition, the proposed approach can be scaled based on the growing influence of the previous and new members of the regional economic association.
© The Authors, published by EDP Sciences, 2021
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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