Legal Encyclopedia. Letter D

monetary system

- Cash handling system.

Money as an economic phenomenon perform a variety of functions and are a means of payment for trade and subsistence operations.

Loans, subsidies and other operations are carried out with the help of money. Therefore, the money - an incentive to the development of both the economy as a whole and its individual sectors and sub-sectors, specific subjects

economic activity and social services.

Money market products reflect the fullness and extent of financial security of the subjects of economic and non-economic activities.

Money is used as a regulator of economic relations to form them in the direction necessary to achieve the national and public interests.

Modern money available in

appeal directly to the state, but most of all - an authorized bank. Money is as much a symbol of the state, as the coat of arms or flag.

Official banknotes

provided for by legislative acts of the state.

DS is the subject of legal regulation. Financial and currency regulation, monetary emission, federal banks belong to the sphere of competence of the Russian Federation. DS has constitutional status and norms of the Constitution of her are both standards of state law and the norms of financial law.

With the help of the rules of financial law (the signs of the solvency of banknotes, the security procedures for handling cash, the organization bases of calculations) ensured normal functioning DS civil laws govern the ownership of the bank notes as an object of property rights, the procedure of payments in transactions of civil legal nature. Administrative law establishing liability for administrative offenses in the sphere of criminal norms DS

the right to provide for criminal

responsible for crimes against the DS, DS include:

1) the official monetary unit (currency) of the Russian Federation - the ruble.

The introduction in Russia of other monetary units and production of money substitutes is prohibited;

2) the monetary control of the Russian economy, which is carried out by the Bank of Russia. The Bank determines the reserve requirements, interest rates on loans sets prudential standards for commercial banks, conducts operations with securities;

3) circulation - the movement of money in cash and cashless forms, serving the circuit of goods and non-commodity payments and settlements. Money can be:

a) contacting cash. The means of payment are real banknotes passed one subject to another for goods, works and services;

b) non-cash monetary circulation, which is to write off a certain amount of money from the account of one subject in

banking institution and its admission to the account of another entity in the same or another banking institution or in another form, in which the cash signs as a means of payment available.