The monetary system of the world is a form of organization of monetary relations that have developed at this stage of market development. Its origin is associated with the emergence of money and the beginning of its functioning as a means of calculation in the international payment turnover.
The evolution of the monetary system has become a completely natural phenomenon, without which the development of the world economy would have been impossible. Both the introduction and the rejection of the gold standard are a response to the demands of the times, as well as confirmation of the cyclical nature of human history and the global economy.
