The impact of monetary policy on the development of the agricultural sector economic

Abstract

The article deals with the problematic issues of creating a single monetary policy and a single electronic monetary sign on the territory of the countries of the Eurasian economic Union. The problems that complicate the transition to a single currency, including differences in macroeconomic indicators characterizing the economic development of the EAEU member States, are shown. The proposed currency integration should become an integral part of the common currency policy of the member States of currency integration, as well as in the functioning and interaction of interstate organizations engaged in interstate currency regulation Currency and, which will be an objective assessment for the formation of index systems using different single currencies is justified. In this economic situation, the Russian financial market is unstable and vulnerable, as is the Russian ruble. Therefore, we need a very careful approach to the creation of a single currency, to the development of the financial market, to the functioning of a single emission center, to a single coordinated financial policy to approach comprehensively, carefully and with a high degree of responsibility. Undoubtedly, in the territory of the EAEU, there is a need to form a unified, independent monetary policy and tighten cross-border capital flows. It is necessary to issue a single currency in the EAEU. But this decision requires a serious approach, legislation and technical resources. At the moment, the EAEU has not created conditions for monetary and financial integration, there are problems in the economic integration of the participating countries, different levels of development of their economies, instability of national currencies. The EAEU member States need a common strategy for the development of integration, a lending model, an economic development plan for the alignment of national economies, as well as a plan for coordination of activities in the monetary sphere. The article shows issues of the introduction of the single currency and its impact on the prospects of development of the agro-industrial complex of the EAEU countries are considered.