Development of the banking system in the conditions of digitalization

The volume of transactions in international financial markets is growing, which creates the need for continuous improvement in the process of regulating foreign exchange transactions. Foreign exchange transactions of commercial banks are regulated by general foreign exchange legislation, but have their own characteristics and key relationships. The classification of bank foreign exchange transactions is very extensive, but in this article we will consider the types of foreign exchange transactions in the context of certain groups. Each of the groups requires separate attention both in terms of their implementation and in terms of their legal support. It is necessary to create an effective and high-quality system for regulating the foreign exchange market and implementing control, since currency control creates serious obstacles to the development of imports and exports, creates an unjustified burden on exporters, is necessary to overcome the economic crisis in the country, as well as the best implementation of the strategic and tactical tasks of the state. Competent currency regulation and currency control are an important condition for economic stability in the country and the world.