EXPLORING THE IMPACT OF INVOICING CURRENCY ON FOREIGN TRADE
25.04.2024
International Scientific Journal "Science and Innovation". Series A. Volume 3 Issue 4
Sirajiddinov Nishanbay, Norkobilov Akobir
Abstract. This research paper examines the influence of invoicing currency on international merchandise exchange. The study delves into how the choice of currency in which invoices are issued affects global trade dynamics, market competitiveness, and economic relationships between countries. By analyzing trade data and currency trends, this paper aims to provide insights into the implications of invoicing currency on pricing strategies, trade balances, and overall market stability. The findings of this research contribute to a deeper understanding of the complexities of international trade and highlight the significance of invoicing currency in shaping the global economy.
Keywords: invoicing currency, international trade, merchandise exchange, global economy, currency choice, trade dynamics, market competitiveness, economic relationships, pricing strategies, trade balance, market stability
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