CURRENCY SECURITY FOR SMALL ENTERPRISES IN UKRAINE

Abstract

The work is devoted to the analysis of threats to the currency security of small businesses in Ukraine, which is a component of the financial security of Ukraine. A full-scale war in Ukraine requires a review of approaches to the formation of monetary policy in the sphere of state regulation of the financial system and the search for new effective methods of state management. The main challenges for the current financial system of Ukraine are a decline in production, an increase in the number of unemployed, a weakening of the stability of state finances, and threats to the stability of the currency. It has been proved that today the currency security of Ukraine is under the influence of a large number of internal and external threats, including the growth of the foreign debt, the outflow of funds abroad, the high degree of dollarisation of the economy, the inefficient structure of gold and foreign currency reserves, the imperfection of the currency and exchange rate policy, the presence of currency risks, the conduct of illegal currency transactions, the intervention of international financial organisations, foreign advisers and consultants in the currency policy of Ukraine. The conducted monitoring of the financial activity of a small enterprise is aimed at making certain effective management decisions providing the enterprise with currency and financial security in the modern conditions of the financial system of Ukraine as a whole. The current state of currency security of small businesses of Ukraine is analysed in terms of the need for a deeper study of it in order to solve existing problems related to its provision. As a result of the study of this problem, it is proposed to take measures to ensure the currency security of the country's small businesses and to support the long-term stability of the national monetary unit. The role of state banks in the implementation of state programmes for the support of small business should be strengthened, and for the safety of their activities a comprehensive system of state banks should be created, including highly specialised state commercial banks, state banks of a broad profile, state development banks, partner financial institutions, regional funds, insurance organisations.