The types of monetary systems of Russia

monetary system - is historically established form of treatment of finance in the country, which is approved by national legislation.The types of monetary systems are divided into treatment system of the noble metal (gold and silver) and the turnover of credit and paper plates.

The types of monetary systems

systems metallic currency finance

One of the most popular options.These types of monetary systems are divided into monometallic and bimetallic.With the introduction of the second embodiment sets the state as a universal equivalent two noble metals - gold and silver.This coins of these metals chop in any form and in unlimited quantities.At the same time, the financial handling are other moneys: Treasury coins, bank notes and small coins.All these paper and Credit signs can be freely exchanged for coins of gold and silver.

Mint parity

when injected into the circulation type bimetallic monetary system, established a mint parity, that is: the order of circulation coins of different metals in the territory of one state.

Parity can be equal and subordinates.Equal parity established by the market, and the subordinate - the state.

The main types of monetary systems

main types of monetary systems: the gold standard

In the case in the role of a universal equivalent acts only one metal - gold, then set this structure turnover of finance as monometallism.It may be noted following the gold standard: coin (gold coins and paper money, which can be freely exchanged for gold) bullion (gold withdrawn from free circulation, banknotes are exchanged on a strictly defined standard bullion) and motto (gold reserves are almost exhausted, the national currencyForeign currency is exchanged for states, bargaining for gold).

Concept and types of monetary systems: fiat money

Today it monometallism many countries use as the official institutions of the financial structure.In this paper and Credit carriers are not connected with metals.And a ban on storage of gold in banknotes.Gold reserve of the country is kept in the Central Bank of the State.The transition to the credit money, fiat gold.

system of money circulation Russian

types of monetary systems in Russia are in constant development and reflect the realities of politics and the economy.The main feature of the monetary structure of the Russian Federation - rigid centralization in its management.

Elements of the Russian financial system

Concept and types of monetary systems

National monetary unit is Russian ruble, equal to a hundred pennies.In 1991, when the turnover was derived from treasury notes in circulation has developed structure: bank coins and small change.National emission structure is a Russian monopoly of the Bank of Russia on the issue of money in circulation, which was approved by the Federal Law of the Russian Federation.At the same time as security of banknotes issued into circulation serves the totality of obligations by the Bank of Russia.National unit supports and regulates the circulation of money on all the issues with regards to the issue of money and the organization of their circulation within the country.Since 1969, it was introduced into circulation coin issued specifically SDR.With the help of determined quota reserves and credit received IMF.