The international monetary system and its role in the world economy

When it comes to the international monetary system, we mean the mechanisms that regulate the interaction between countries - participants in international economic relations - the interaction of monetary instruments used by them in the markets of currency, capital and goods. At the same time, these mechanisms are managed through the national policies of individual countries and their interaction. Unlike the system, the currency order is a legislative, contractual, regulatory and other norms that form the system and determine the participants' understanding of the conditions for its functioning. Monetary order for the monetary system is like a constitution for the political system.