The number and structure of bank notes in denominations of context

In general, the proportion of high denomination bank notes that during 2001-2005 increased steadily, as of 01.01.2006 reached 36.9% of the total. But the share of medium and low notes of denominations (10, 20 hrn.) Tended to decrease. When in early 2001 in the structure of cash hryvnia bills low esteem prevailed (their number was about 52%), in early 2006, the share of these bills was reduced and was almost at the same level with the average nominal bills - respectively 31.4 and 31, 7%. Based on studies of the structure of bank notes and demand can be concluded that strengthening the role of high-denomination banknotes. What is nislidkom several factors, among them - raising the consumer price index. Rising commodity prices driving demand for high denomination notes. Indeed, since the introduction of hryvnia (September 1996) until early 2006, prices in Ukraine rose almost threefold, while the last five notes of high denominations rokivchastka, perebivayut in circulation rose from 10.8 to 36.9% of their overall structure. This gives grounds to conclude that the relationship between structure navnist bills and inflation. So, in our opinion, if the demand for banknotes prognozuvannizagalnogo specific denomination dotstsilno focus on forecasts of inflation. Should be stated that in Ukraine there and develop the system, performing calculations between its participants with a tool that has no legal definition in domestic law, and accordingly the terminology used world banking community, called "electronic money" (electronic money). The term "electronic money", as a rule, understand the monetary value stored electronically on a technical device and can be used to make payments to entities other things, not the issuer, without the need for this bank account, but acts as a consciously paid bearer instrument. Topic: A PRACTICAL ANALYSIS OF MONETARY ISSUE | Tags: the structure of banknotes