MONEY TURNOVER
- Cash issue of the Bank of Russia.
D. O begins with cash emission.
Cash - bank notes, bank notes and coins - are the obligations of the Bank of Russia, and are provided with all of its assets.
Samples of banknotes and coins are approved by the Bank of Russia in coordination with the supreme representative body of the Russian Federation. Reports of release into circulation of banknotes and coins of new models are published in the media.
If necessary, improve the technical security of banknotes and coins against counterfeiting is carried out from time to time to change them. To provide facilities at D. O. can be administered banknotes of new advantages.
Responsibility for pokupyurny composition of cash in circulation and required for uninterrupted
cash settlements on the territory of the Russian Federation, the responsibility of the Bank of Russia.
When non-cash monetary circulation real banknotes as a means of payment is not available, and are used for digital recordings circulating money supply.
There are 3 kinds of cashless D. O .:
1) "Classic", which is in the order of a legal or natural person, given by an bank debit from the account of the person in the bank a certain amount and record it on the account of another natural or legal person in the same or another bank.
For storage of non-cash legal or natural person opens a bank in his name the settlement, the current or other account;
2) calculations with the help of notes, and the like unconditional financial obligations.
The essence of the bill is that one entity, having a debt to another entity, issue a promissory note as an obligation to pay a certain period of the required amount. The person receiving the bill, has the right to repay its financial obligations to a third person by presenting it received from the first
bills face. Ultimately, a person who has the bill, the right to present his drawer with the requirement to pay a designated amount in the bill, and in its absence the bearer promissory notes shall be entitled to claim to the property in the drawer, which was the guarantee of a bill;
3) credit card banks, which are very widespread in the developed world and are beginning to actively use in the Russian Federation.
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