Today, the monetary system of any country consists ofthe following elements: a monetary unit, types of money, the scale of prices, the issuing system and the state or credit apparatus. Monetary systems of highly developed countries have their own distinctive features, on which the equilibrium in the money market depends:
Monetary system of the Russian Federation
The state monetary system of the Russian Federation - historicallythe established system of circulation of money in the country, fixed by national legislation. In 1991, the monetary system of the Russian Federation underwent significant changes, before that the Russian budget was included in the state budget of the USSR. The state monetary system always defines a money symbol that has circulation in the country and allows to establish macroeconomic equilibrium in the money market. Monetary unit is a money symbol established by law and serving to express and measure the price of any product.
The monetary system of the Russian Federation includes the following aspects of financial relations:
The monetary system, which preserves the equilibrium onmoney market, there are two types: the system of circulation of metal coins and banknotes, when silver and gold are forced out of circulation by indivisible paper and credit money. Systems of metallic circulation are divided into monometallic and bimetallic. Bimetallic are called monetary systems, under which the state legislation fixes the role of the official equivalent for two precious metals in silver and gold. At the same time, the state carries out free coinage of gold and silver coins in unlimited circulation. Together with them, other monetary symbols take part in the money turnover: a change of coin, banknotes, treasury notes, while they can be freely exchanged for gold or silver.
Monometallism is different in that as auniversal equivalent is used only one of the metals - gold or silver. Gold monometallism existed in Russia before the revolution, while commodity prices are calculated in gold, it performs all monetary functions in the country. To date, there is no metal circulation in any country in the world, and state banknotes are issued in the form of credit bank cards, treasury notes and change coins. Equilibrium in the money market allows you to save your capital not only to state structures, but also to individual citizens who trust their deposits to the state.