The global monetary system is the basis for international settlements and payments. It determines which currencies are used for these purposes and how they are exchanged for each other. The global monetary system also affects the stability and efficiency of the global economy.
The prospects for the development of the global monetary system are uncertain. There are several possible development scenarios, each with its own advantages and disadvantages. One possible scenario is the creation of a new global currency that will be used for international settlements and payments. Another scenario is the strengthening of the role of existing currencies such as the US dollar, euro and yuan. The third scenario is the development of new technologies such as blockchain and cryptocurrencies, which can change the structure and functioning of the global monetary system.
Whichever scenario is realized, it is important that the global monetary system is stable, efficient and fair. This will ensure the stability and prosperity of the global economy, as well as the protection of the interests of all countries and peoples.
