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IMPROVING THE REGULATION OF CASH TURNOVER

Abstract

This article is devoted to ways to improve the regulation of cash circulation. In monetary circulation, certain problems arise related to the subsidence of cash in the channels of circulation, the dilapidation of banknotes and the discrepancy between the bill composition of the cash supply and the needs of monetary turnover. The paper provides an overview of modern features and tools of state regulation of cash circulation. In addition, we consider the tools for regulating the money supply in circulation, used in the world economic practice, as well as in the Republic of Kazakhstan. The analysis of the main elements of the monetary policy of the National Bank is carried out. Attention is paid to improving the system of instruments of the National Bank: introduction of the currency swap tool; inclusion of state securities of the Republic of Kazakhstan in the Clearstream list; changing the terms of settlements in the foreign exchange market and the state securities market; creation of the institution of a Central counterparty. The main stage of the implementation of the denomination and its laws. In addition, the problems and features of direct and indirect regulation of cash circulation in today's conditions are reflected.

About the Authors

O. A. Tsapova
NKSU named after M.Kozybaev
Kazakhstan

Petropavlovsk



N. Y. Mikhaylova
NKSU named after M.Kozybaev
Kazakhstan

Petropavlovsk



A. D. Zhalturova
NKSU named after M.Kozybaev
Kazakhstan

Petropavlovsk



References

1. Law of the Republic of Kazakhstan dated March 30, 1995 No. 2155 «On the National Bank of the Republic of Kazakhstan» (with amendments and additions as of 03.07.2019).

2. Banking: textbook / O.I. Lavrushin, N.I. Waltseva: under the editorship of O.I. Lavrushin. - 12th ed. - M.: KNORUS, 2016. - 800 p.

3. Resolution of the Board of the National Bank of the Republic of Kazakhstan dated November 29, 2018 No. 308 «On the Main Directions of the Monetary Policy of the Republic of Kazakhstan for 2019».

4. Official website of the National Bank of the Republic of Kazakhstan. Access mode: http://www.nationalbank.kz.


Review

For citations:


Tsapova O.A., Mikhaylova N.Y., Zhalturova A.D. IMPROVING THE REGULATION OF CASH TURNOVER. Vestnik of M. Kozybayev North Kazakhstan University. 2020;(2 (47)):107-113.

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ISSN 2958-003X (Print)
ISSN 2958-0048 (Online)