Regulyuvannya cash and non-issue

Emission - the oldest function of the central bank. In the XX century. it has undergone significant changes in the transition from system to system, gold standard treatment of paper money, and also due to modification of currency (expanding the use of deposit money, and the emergence of electronic money). In terms of money, not exchanged for gold (final link money to gold broke in 1971, when the U.S. abandoned the further exchange of dollars belonging to government agencies in other countries, in gold), providing money, emitted by the central banks act primarily debt State obligations and commercial paper. Central banks usually have the sole right to issue banknotes throughout the country (with some exceptions). In addition to notes, many countries are in circulation as a bargaining chip. Despite the fact that cash is a small part of the money supply, they form the basis of the monetary system of the country. Cash, issued by the central bank, in many countries is the sole legal tender in their territories. Under the terms of the creation of the European Monetary Union by January 1, 2002, in the territory of the European Community will shalt bring into circulation banknotes and coins, and the European System of Central Banks will exchange national banknotes and coins on the "euro" money. Topic: A PRACTICAL ANALYSIS OF MONETARY ISSUE | Tags: Emission