Conceptual approaches for regulation of global economic system to be changed

Astana. March 10. Kazakhstan Today - The President of Kazakhstan, Nursultan Nazarbayev, said at XI congress of the Eurasian Association of Universities we need to change conceptual approaches to regulation of global economic system, the agency reports.

"The operating currency-financial system in the world does not meet modern requirements and does not correspond to any criteria of stability of the currency system, according to which we live in international trade."

"The world currency is not lawful because it has not been accepted by any communities and any organization. The procedure of activity of the emitter of world currency is not democratic... supply and demand of world currency do not have competitive and free character. The market of world currency is not a civilized market, the system of issue of world currency is uncontrollable," N. Nazarbayev emphasized.

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