Mechanism for determining the exchange rate for interstate settlements in national currencies

At the current stage of development of international structures of economically friendly states, there is a need to substantiate the financial system for determining the exchange rate and direct monetary settlements under international agreements. The purpose of the study is to form proposals for the development of a step-by-step method for determining the exchange rate for interstate settlements in national currencies. The methodology of the study is based on the use of tools for determining the money supply, gross domestic product, index method of economic analysis. The developed mechanism involves the use of national currencies, without creating new currencies or quasi-currencies. The proposed calculation method is based on a comparison of the so-called gross domestic product rate indicator between any two countries that plan to make calculations with each other. The mechanism is universal and requires the use of state statistics, can be modified or expanded at each stage for use in certain specific conditions.