The Bank of Russia has no right to limit the amount

3:42 AM    

Bank of Russia has no right to limit the amount of reinforcement back offices of Bank of Russia institutions necessary to ensure customers' needs, if you have money in their accounts. At the same lenders under the Civil Code of the Russian Federation (Article 845), can not determine the direction and control of customer funds and establish other non-statutory or bank account agreement to limit its right to dispose of the funds at their discretion. As a measure of the Bank of Russia on the value of cash turnover can be called to establish limits on the amount of cash settlements between legal entities in one transaction in a single contract. Now, this size is 100 thousand rubles. For violating the terms of the cash flow and the order of cash transactions to the officials and entities subject to measures of financial and administrative responsibility under the Code of Administrative Violations. The development of electronic means of payment help to optimize currency and reduce the rate of growth of currency in circulation. The Bank of Russia is constantly working to expand the use of electronic means of payment. In international practice, except for bank cards, and develop other means of non-cash payments. At the present time are being used increasingly "electronic purse", the most common variants, which are in Russia (such as telephone cards and cards for travel in the subway). In some countries, introduces the concept of mobile banking (payment for goods and services via mobile phone). For example, Japanese using mobile phones to pay visits to cafes and cinemas, and the people of South Korea - travel on the transport and shopping in stores. According to the Bank of Russia at the beginning of 2007 in Russia there were 1189 credit institutions, of which 723 organizations (60%) to issue and / or acquiring of payment cards. Total of 1 January 2007 was 74.8 million bank cards EMS, including more than 90% - debit. We should also highlight the fact that the vast majority of all payment cards in Russia (90%) produced in the "salary" projects. Topic: A PRACTICAL ANALYSIS OF MONETARY ISSUE | Tags: Bank of Russia