Evaluation of prospects for the development of the currency market of Russia

Abstract

The article discusses the prospects for the development of the Russian foreign exchange market within the framework of international organizations and at the level of individual countries. Recommendations for the stable functioning of the Russian foreign exchange market and the development of the national economy of the country are proposed.In modern conditions, in order to ensure the stable functioning of the foreign exchange market and foreign exchange banking systems, there is a need to revise the monetary policy of both the Central Bank of Russia and at the level of commercial banks. In view of the ongoing sanctions policy of unfriendly countries against Russian commercial banks and the economic system, it is advisable to consider the strategy of the country's economic and political development, as well as the prospect of entering the foreign exchange market of the countries of Central and East Asia.