Prospects for the development of the currency control system in the international digital economy market

Abstract

The relevance of research topic lies in complexity of creating an interconnected, coordinated unified system of currency regulation and currency control due to complex nature of relations under consideration. Especially in the era of digital economy, a systematic approach to state regulation of currency relations in the field of import-export relations plays a significant role in connection with foreign investments. The experience of foreign countries in the field of currency regulation and control in the era of digital economy shows that development of foreign exchange relations and domestic foreign exchange market occurs only with participation of state as an active regulator and presence of effective control over the currency. The effectiveness of the system of currency regulation and foreign exchange control is one of the most important factors in ensuring the stability of national currency, the stability of financial and credit system and the financial market, the formation of investment environment in the country, as well as the development of international economic integration. Research method - during the study, general theoretical methods were used, such as analysis and synthesis, summarizing scientific literature, theoretical modeling, and comparison methods. This article discusses the advantages and economic benefits of export-import operations, taking into account exchange control in the international market of the digital economy. The scientific results obtained in solving this problem include the study of the conceptual foundations of foreign economic activity in the era of the digital economy, which is emerging both at the global level and in the national economy.