Abstract
The article considers the distinctive characteristics of the Commonwealth of Independent States (CIS) as a regional economic union of states on the post-Soviet space. It emphasizes major conceptual approaches to determining strategy and basic tendencies of the CIS development, perfection of monetary mechanisms of member states interaction. The article examines the prospects of the CIS transformation into an efficiently functioning economic union of states.
Keywords
CIS, balance of payments, economic growth, monetary integration
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