International Relations: Politics, Economics, Law


The currency regime and exchange rate policy of the country are among the main factors determining the investment climate and the competitiveness of national producers, macroeconomic stability and financial security of the state. Investment activity, the pace of modernization of the economy and its structural adjustment, the achievement of its sustainable growth, and the increase in the level of well-being of the population largely depend on the currency regime used. It is the exchange rate policy chosen by the government that largely determines the stability of the national currency, its protection against external shock influences, the country's sufficient foreign currency to fulfill obligations on external debts, maintain the saturation of the consumer market, and import investment goods.

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