Problems and contradictions of the world monetary system

The article is devoted to the problems and contradictions of the functioning of the world monetary system in modern conditions.  At the present stage, the consequences of the global financial and economic crisis of 2007-2008 continue to have a negative impact on the world economy, which is characterized by a high degree of volatility, instability, unfavorable and contradictory economic policies of leading states, integration associations and others. This situation threatens new applications in the world economy and reveals its future is largely uncertain. One of the main reasons for this uncertainty is the instability of the world monetary system (MIA), due to the unregulated expansion of financial markets and instruments; liberalization of international capital flows; increasing the impact of transnational financial institutions on the economies of developing countries; dollarization of the world economy. Thus, the structural principles of the Jamaican monetary system, developed in the 60's of XX century in the interests of leading developed countries, especially the United States (USA), ceased to correspond to the realities of the world economy. In these conditions, the topic of reforming the Ministry of Internal Affairs and regulating international monetary relations becomes extremely relevant. The article identifies the main weaknesses and strengths of the global foreign exchange market. Based on the analysis, it is established that the international foreign exchange market in its current form reflects the real demand and supply for different currencies. Sharp fluctuations in it during the crisis reflect the usual behavior of its participants, who invest in the currency - asylum, and real supply and demand, caused by the fact that investors withdraw from transactions using borrowed funds. Thus, the foreign exchange market is actually functioning normally. It is proved that in the near future the world monetary and financial system will face any serious crisis, there is no reason. The principles of its construction are fully consistent with the principles of building the structure of the world economy, the balance of power on the world stage and the interests of leading economic centers and countries. The status of the US dollar as the main reserve currency is not in doubt. First, there are no serious macroeconomic and statistical reasons for this yet. Secondly, changes in this direction threaten serious economic problems for all countries, although we are not talking about the crisis of the entire world monetary system (even when the status of the US dollar changes). Summing up the article, we can say that the main reserve currency in the world - the US dollar remains stable

currency, currency system, currency relations, currency market