Two-tier currency system for the member countries of the Organization of Turkic States
Journal: International Journal of Academic Value Studies (Javstudies JAVS)
Year: 2023

The article provides an analysis of the world currency systems and justification for the need to change the world monetary system. The concept of a two-level national currency system based on the introduction of an additional national currency backed by gold is proposed. Such an innovation will significantly enhance the savings function of the national currency and reduce the population's propensity to dollarize their savings. This will also reduce the role of world reserve currencies, which may