Transformation of the International Monetary System and the Formation of a Non-emission Circuit of the National Financial System

Abstract

The relevance of the article: the direction of transformation processes in the international monetary system gives grounds to assume that real assets will be able to play a rather noticeable role in ensuring the stability of the entire system in its future version. The purpose of the study is to identify signs that one of the mechanisms for maintaining the stability of the new version of the international monetary system, which retains its dollar-centric nature, may be the use of financial instruments secured by real assets. This primarily concerns gold and, probably, other mineral resources. In order to identify future trends, the article specifically examines the circumstances when the international monetary system was really on the verge of, if not collapse, then at least an immediate loss of its stability. Since Russia faces the task of forming a truly sovereign national financial and monetary system, this aspect becomes an absolute necessity. In this context, the succession of steps to create a non-emission (reserve) contour of the national financial system and financial instruments for its circulation is considered.