Abstract

 
 
 The most important element of economic security in modern conditions is financial safety. In modern conditions the impact of geofinances, the world's financial systems on the individual state moves to a qualitatively new level. According to the dominant position occupied by a financial component in today's economy, the authors can characterize the last one as an economy controlled by the basis of their financial way, through financial mechanisms, using financial leverage, financial incentives and fiscal purposes. In this article, financial security is considered by the example of developing countries - members of the Shanghai Cooperation Organization in Kazakhstan, Russia and China.
 
 
Highlights
The Shanghai Cooperation Organization (SCO) - a regional international organization founded in 2001 by the leaders of China, Russia, Kazakhstan, Tajikistan, Kyrgyzstan and Uzbekistan
The level of the financial security largely depends on the level of other aspects of national security
That is why the economy is facing the problem of developing such a new course, the most important element of which is a financial security strategy that requires a consistent practice of purposeful work aimed at reviving the economy and the resumption of growth
Summary
The Shanghai Cooperation Organization (SCO) - a regional international organization founded in 2001 by the leaders of China, Russia, Kazakhstan, Tajikistan, Kyrgyzstan and Uzbekistan. As a result of the decline in world prices and the devaluation of the currencies of countries - major trade partners of Kazakhstan significantly worsened the parameters of the real effective exchange rate of KZT, increased scale of slowdown in economic activity, significantly reduced foreign exchange inflows from exports.
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