On the question of the concept of the monetary system

Abstract

This article is devoted to the concept of the monetary system. The paper analyzes the definitions of the monetary system given by the leading representatives of financial and legal science, offers the author’s view on the structure of the monetary system. Based on the results of the study, it was determined that the monetary system is a historically established and established by the law form of organization of money circulation, consisting of a set of banknotes in circulation, public authorities and other organizations involved in the organization of money circulation, technologies and methods of circulation regulation. national currency in cash and non-cash forms, starting from the moment of issue of banknotes into circulation (issue) and ending with the moment of their withdrawal from circulation, as well as operations with foreign currency and other objects that perform certain monetary functions.