Establishment of an independent banking and monetary system of Ukraine

Organization of intra-and inter-state calculations, the credit support to the economy, study of mechanisms of exchange control and banking supervision, introduction of interbank payments on the basis of the correspondent, the reform of monetary management and statistics, the beginning of cooperation with international financial organizations (IMF, EBRD, WB). Phase 2 (1996-1999) - the currency reform with the introduction into circulation of the national currency and use it on the basis of market elements regulate the monetary market. Phase 3 (2000-2007) - Further development of the banking system and monetary tools to regulate the monetary market, aimed at supporting sustainable economic growth and price stability. Let us consider the first stage. In 1991 the foundation was laid only functioning of the National Bank of Ukraine as a state central bank. During this period he has not had a proper structure. The banking system was in its infancy. Its own regulatory framework in the National Bank also was not. When exercising control over the activities of commercial banks, which create, use, legal documents of the former USSR State Bank. November 7, 1992 Decree of the President of Ukraine "On the reform of the monetary system of Ukraine." Paragraph 2 of this decree was assumed that since November 1992 the only legal tender in the territory of Ukraine is Ukrainian karbovanets, whose representative in circulation appears coupon of the National Bank of Ukraine. Topic: A PRACTICAL ANALYSIS OF MONETARY ISSUE