Currency system of Russia. History and development

The monetary system of Russia has been developing for many years, from the moment of the origin of the state. Such systems succeed each other, as over time money changes their functions. At the beginning of the creation of the Russian Empire in circulation was gold, now it was replaced by currency types of cardboard and credit savings.

The currency system of Russia provides for the circulation of a certain currency and various types of funds of a value scale. A currency unit is a monetary symbol established by the state, in its units prices for different goods are measured.

Today's currency system in Russia is quite stable. There is no gold provision for credit and cardboard, that is, banknotes do not change for gold. There is a fairly stable mechanism for switching to credit funds, which turn into paper bills. The non-cash form prevails in the currency circulation of funds . Regulation of money in circulation is carried out by special bodies of the Russian Federation.

The currency system of Russia began to form immediately after the collapse of the USSR. Now it operates in accordance with the law, which was developed in 1995. The currency unit is the ruble. Other units are strictly prohibited. The law does not oblige to relate the ruble to gold. The exchange rate of the ruble against the currencies of other countries is established by the Central Bank of Russia. There are iron coins and banknotes on our territory. The central bank approves currency symbols, in the case of the issuance of new banknotes, information on this is distributed among the population by the mass media.

Only the Central Bank has the right to issue and withdraw from circulation banknotes. He also deals with setting the ruble's exchange rate in relation to other funds. Forgery of banknotes is prosecuted by law. Currently, officially allowed the use of banknotes, coins, as well as non-cash funds, such as bank accounts and cards.

The national currency system of the Russian Federation is strictly regulated by the laws of the 95th year "On the Central Bank of the Russian Federation", as well as these amendments and additions to them.

If the banknotes were found invalid, they can not be exchanged for new ones before the appointed time. It can be from 1 to 5 years. New bills are issued strictly in accordance with the amount of currency withdrawn.

The currency system of the Russian Federation establishes a monetary unit, metal, the order of appeal and coinage of funds. The basis of the system is a metal that performs the function of a common equivalent. At the beginning of the twentieth century, in the capitalist countries, they became silver, which ousted gold.

National currencies began to form in the 16th and 17th centuries during the establishment of capitalism and the development of state markets. The monetary system of almost every country includes the following: the specific type or types of funds, the currency unit, the emission system and the scale of prices. The currency name is determined by the state. The scale of prices is the expression of the price of a commodity through a certain weight of a precious metal in one currency.