Local Currency Settlement between China and Russia in the Post-Covid-19 Era: Current State, Challenges and Solutions. Part II

DOI: 10.33917/es- 1.175.2021.6-13

The paper continues the publication with the same title and is devoted to the development of currency and financial cooperation between Russia and China. This part of the study contains the main proposals for stimulating of local currency settlements for the analyzed countries and “recipes” for creating new world economic order. In the first part of the work the special attention is paid to the processes of payment systems’ conjugation, development of digital currencies and the idea of creating a collective currency in the Eurasian economic space. The second part is devoted to systemic reforms of the global financial and economic system