Legal encyclopedia. Letter B

FOREIGN EXCHANGE REGULATION

- the main function of the state, through which the monetary policy is implemented.

VR covers legal relations related to the functioning of the currency in the national economy and international circulation, the maintenance of the country's monetary system. Distributed to Russian and foreign currency.

The goal is to conduct a reasonable monetary policy in a market economy. VR contribute to maintaining the balance of financial flows, which favors the stability of the banking system through which the movement of financial resources. The purpose of monetary policy is an effective exchange rate and the stability of the nominal exchange rate.

VR is defined as a population:

1) rules of circulation and legal means of protection of the Russian currency;

2) determining the ownership of

Currency values;

3) the procedure for making transactions with precious metals and stones;

4) establishing the regime of the domestic foreign exchange market;

5) currency transactions related to the movement of capital.

The object is the procedure and conditions for conducting transactions in currencies.

The control method is

Establishing and changing the correlation of supply and demand of currencies in the markets. Currency control bodies are: the Bank of Russia, federal executive bodies within their competence, as well as the federal executive body authorized by the Government of the Russian Federation.

The central bank is the main body of currency regulation, which has a normative function. It determines the scope and procedure for circulation of foreign currency and securities; Conducts all types of currency transactions; Establishes rules for conducting currency transactions, issuing rules and direct issuance of licenses to banks and other credit institutions for foreign exchange operations.

The subjects of currency regulation can be:

1) purchase and sale of foreign currencies in the domestic market of the country;

2) settlements between residents and non-residents in national or foreign currency;

3) the timing of settlements on current foreign exchange transactions;

4) the size of the money supply of the national currency;

5) budget deficit t. The subjects of regulation are:

1) residents, non-residents (both legal entities and individuals);

2) central banks, authorized banks;

3) executive bodies;

4) exporters and importers;

5) investors (both residents and non-residents).