Some Legal Considerations About Reforming International Reserve Currency System

International reserve currency system refers to the government in order to facilitate international trade and settlement of international transactions is paid for in a series of institutional arrangements, including the determined by the principles, measures and institutions. In a nutshell, it is the international standard currency in the international circulation of a standard successfully. The history of the more widely used several international reserve currency system was based on the gold standard, the Bretton Woods international reserve currency system, Jamaica international reserve currency system. Since the outbreak of World War I, gold standard and gold currency as an international standard limitation, making the international gold standard would have a more stable international reserve currency system eventually ushered in the collapse. The Bretton Woods system of international reserve currency can not roll over to avoid the same fate. At this stage that the implementation of the diversification of international reserve currency system to a certain extent, to avoid the first two defects in the monetary system, but also as an international standard could not escape the shackles of the most essential currency.This study mainly focused on the existing international reserve currency system problems, from the previously implemented international reserve currency system to start an in-depth analysis of the international reserve currency system to identify defects for this article pave the way part of the discussion. Discussed in subsequent sections of this paper is the focus of this article, that the existing international reserve currency system, the problems for the existing international reserve currency system reform put forward their own point of view.The first part of this article and the third part the author refers to some of the relevant provisions of international reserve currency system, through the provisions of the international reserve currency system, induction and concluded, pave the way for subsequent discussion. This is not only the use of a literature search, while the use of comparative analysis of the previous discussion of the international reserve currency system. Through the past international reserve currency system, the comparative analysis, further analysis of the existing international reserve currency system, the problems and the need for improvement, only the proper handling of the relationship between a few to be able to further improve this article relevant discussion.Although the current international reserve currency system has improved to some extent, but not fundamentally improve the international reserve currency system problems, this study can hope for reform of the international reserve currency system play a positive role in promoting.