The current system of monetary relations and trade settlements may cease completely in the near future. Its stagnation has been fixed since 2012 and a new, still emerging, system may replace it in the near future. This opinion was expressed by Anton Tabakh, Chief Economist of the Expert RA agency.

"The financial system is falling apart into segments and blocks due to the requirements of regulators and the fight against money laundering, and recently also because of sanctions," the economist believes.As Tabakh added, a similar situation already occurred in the second half of the XIX century, when currency blocks and customs unions began to appear in the world, restrictions and duties were imposed on transactions outside these blocks and unions, RIA Novosti reports.

At the moment, the situation is repeating itself, but this time at a new technological level.

Read more interesting news in our Telegram channelAuthor: Alexander Baigazin

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