Promissory Note as an Instrument of International Settlements in National Currency within the Eurasian Economic Union

Abstract

. Recently, in the common economic space of the Eurasian Economic Union (EAEU), there has been a tendency to conduct international settlements on trade, investment and banking transactions in the national currencies of the EAEU member states. At the same time, the promissory note as an instrument of international settlements in the national currency is not yet widely used in the EAEU common financial market. The purpose of the article is to study the current problems of international promissory note settlements in the national currency within the EAEU and to find ways to improve legislation in this area. Objectives of the article: study of civil and bill legislation of the EAEU member states, international legal norms, analysis of judicial practice and doctrinal sources on these issues. Research methods: dialectical, system-structural and comparative-legal, interpretation of law, etc. The author examines the legal status of the promissory note, examines the features of international promissory note settlements in the national currency within the EAEU, analyzes the promissory note legislation of the EAEU member states in terms of replacing the foreign currency of debt with the national currency of payment, choosing the exchange rate, the procedure for paying the amount of the promissory note in the currency specified in it. Recommendations are presented on solving problems in this area by harmonizing the bill legislation of the EAEU member states and introducing a single form of bill forms. To improve the mechanism of international promissory note settlements in the national currency within the framework of the EAEU, it is proposed to create a special electronic accounting system —