monetary system - device type of monetary circulation in the country, which is enshrined in law and provides unity of different elements of money.
monetary system sets the metal currency, currency, coinage order, the order of money.
The system is a precious metal that performs the function of a universal equivalent.Metal Currency determined by the conditions of historical epoch.Since the beginning of the twentieth century in the capitalist countries it was gold instead of silver.
national monetary system began to take shape around 16-17 centuries.together with the adoption of capitalism, centralized states and the formation of national markets.
monetary system of any developed country includes elements such as currency, a certain kind or kinds of money, the scale of prices, the system of regulation of the issue and the state apparatus of money.
Currency - the amount of the precious metal is taken as the standard of price.Name of the currency is determined by the state.The scale of prices is an expression of the value of the goods after a certain percentage by weight of the precious metal in the monetary unit.
The types of money that are the lawful legal tender, are lending money and banknotes, coins and paper money.
Under the emission system understands the order of release and subsequent handling of banknotes, established by law.Emissions holds the central bank and the Treasury.
monetary system is characterized by common features of all developed countries.It is the abolition of official gold content of the monetary unit (demonetization of gold);the transition to credit money;preservation of outstanding credit, along with paper money;the prevalence of non-cash money turnover;issuance of banknotes by way of crediting the state, the economy and for the growth of gold and currency reserves;strengthening state regulation of money.
monetary system can be represented by one of its two types.The first - the system of metallic currency based on real money (metallic gold or silver), in which the circulating banknotes can be exchanged for real money.The second - a system of paper-credit treatment when signs are replaced with actual money value with outstanding remain only paper and credit money circulation and payment.
modern monetary system of the Russian Federation began to emerge after the collapse of the Union.Today, the monetary system and currency functions according to the law on the Central Bank on 04.12.1995 year, which determined its legal basis.
monetary unit of the Russian Federation (currency) appears ruble.Introduction of other units of money is prohibited by law.The law does not require correlation between the ruble and gold.
ruble against the currencies of developed countries set by the Central Bank of the Russian Federation and officially published.It is necessary for the maintenance of normal conditions for the country's economic activity.
Types of money having the force in the Russian Federation - it notes and metal coins.They are provided with the assets of the Central Bank, which include gold reserves, securities, and reserves of credit institutions.
Central Bank approves samples of banknotes.On the issue of new money reported in the media.
in Russia are in circulation in cash (banknotes and coins) and non-cash (funds in the accounts of credit institutions).
As the ruble is not linked to gold, the fixed scale of prices in Russia is absent.The government officially designated the scale of price appreciation.
Central Bank to regulate the economy through monetary policy using such tools: a discount policy (rate discount rate), the rules of reserves of credit institutions, open market operations, regulation standards for credit institutions and others.
issue new money occurs on the basis of the emissionPermit issued by the Board of the Central Bank up to the amount established by the Government of the Russian Federation.
