The main activities of the National Bank

The main activities of the National Bank of cash circulation in the future: - Decrease in cash (MO) of the total money supply (MS) - Accelerating the introduction of non-cash forms of payment in the consumer sector with the use of payment cards - Introduction of advanced technologies and modern equipment at all stages of the movement and handling cash; - Reforming the system of collection and transportation of cash (non-monopolized the creation of flexible and diversified system) - Improved control over the authenticity of banknotes and their quality - Creating a system of insurance against risks associated with the operation of banks with cash . Under Article 7 of the Law of Ukraine "On National Bank of Ukraine" to the functions of the National Bank of Ukraine is the definition of systems, procedures and forms of payments, coordination and control over the creation of electronic payment instruments and payment systems. According to article 40 of the Act establishes the National Bank of Ukraine, rules, forms and standards of payment to banks and other businesses and individuals in the economic turnover of Ukraine. Also in Ukraine was adopted Regulation on the implementation of non-cash issue in Ukraine. Regulation establishes the requirements of the National Bank to the order of issuance, distribution, exchange transactions and settlement of electronic money, as well as to systems of electronic money in Ukraine. Concepts listed below in these Regulations, the following concepts: agent - the bank or nonbank financial institution, in a contract concluded with the issuer has the right to distribute, exchange transactions and settlement of electronic money issuer, the holder - an individual who is the owner of the amount of electronic money; Electronic Money - monetary value in the form of claims on the issuer which is: is stored on an electronic device, emitted when cash is received in the value of not less than the monetary value of issued, adopted as a means of payment by the Issuer, other business entities and holders; Topic: Case Study Money issue | Tags: the structure of banknotes