Scientific Journal of KubSAU

The article deals with the current deoffshorization problem of Russian business in the conditions of macroeconomic instability. The main incentives of business and private persons determining the national assets exports to the tax-exempt or low-tax jurisdictions are given. The dynamics of national capital outflow by the means of corporate and state sectors of the Russian economy is analyzed. Also the list of the offshore states which are considered as the most attractive to the Russian business is considered. Possible solutions to the national economy deoffshorization problem and key laws adopted by the Russian legislation for the solution to the specified problem are analyzed. In the conclusion the authors propose a national capital outflow forecast for the middle-term period

The article deals with competition issues between modern currencies for domination on international financial markets. Historical background of world currencies and the reasons for development and becoming dominants nowadays are analyzed. Author’s reasoning and data analysis of several currencies place in the global exchange system are given. Process of defining a currency as «reserve» is analyzed. Economic essence of SDR and Wocu is concerned. Dynamics of international savings in foreign currency reserves and share of external loans in foreign currency are analyzed in the article. Data of the survey made by A&O Research about currency domination is examined, competitiveness assessment of modern currencies is summarized

The article discusses the possibility of formation of ruble as free currency, in terms of the key factors determining the international status of the national currency