Emission NBU operations

NBU emission operation - a form of realization of its monopoly right to issue money in circulation. They are the main point of regulation of cash turnover, which includes two basic levels of organization: the regulation of cash transactions of economic entities. To ensure prompt resolution of questions related to the implementation of emission controls in all cash held NBU NBU reserves - the remnants of the national currency outside traffic. Reserve funds are also in some branches of commercial banks - usually in the last offices of the specialized state banks. Funds held in reserve funds, managed by the Board, the Crimean republican and regional management of the NBU. Only with the permission of bank notes can be moved from the reserve funds in negotiable cash (or cash operating subsidiaries of banks which fail to open the reserves). This operation means emission - the release of cash in circulation. Moving from the back of currency sales in the reserves makes withdrawal of money from circulation. This operation, in accordance with the rules of the cash management is carried out automatically - in excess of limits current offices. Issue of cash is in the form of reinforcement of operational cash of commercial banks. Authorization to issue gives the head of the National Bank or any other person authorized to dispose of reserve funds. Permit is issued in the form of equity telegrams whose content is encoded properly. It gives the right to transfer a certain amount of currency reserves in the back office or on the use-limit cash balance stored in the bank. For permission manager of a commercial bank, which in the next 2-3 days there is a need for cash, must apply to the chief management of the NBU. In the absence of the required amount-limit balances or insufficient funds in the reserve funds of banks receiving reinforcements from the current administration offices of the NBU. -Limit cash balances in excess of vnutrishnomisyachnu need for additional cash resources, take out the apparatus collection of the NBU. The procedure of emission-cash working at offices of the National Bank of Ukraine and in the "Instruction on the organization of emission-cash in banks of Ukraine" dated July 7, 1994 and amendments thereto. To implement the emission, the National Bank of Ukraine shall establish reserve funds of banknotes and coins in a central repository. Reserve funds of banknotes and coins are the responsibility solely of the National Bank of Ukraine and can be spent or supplemented only by written orders of the Office of the organization of the department's cash cash circulation. In the regional offices and institutions NBU cash reserves are stored in repositories, and to ensure the daily operational requirements - in the back office. Placing cash reserves at the regional offices NBU provides timely services of banks, allows you to update a lot of cash in circulation and regulate the issuance of banknotes and coins of different denominations. Reserves of cash in the institutions created by the NBU with the permission of the organization of the department's cash cash circulation of National Bank Topic: The mechanism of emission | Tags: operations of NBU