THE ECONOMY DEVELOPMENT WITH RATIONAL MONEY MANAGEMENT AT THE EXPENSE OF CASH PAYMENTS

Abstract

The purpose of the article is to ensure the stability of interest rates on monetary policy transactions in Armenia through cash and non-cash money, which will directly lead to the clarification of interest rates on monetary policy transactions and not monthly fluctuations. Research shows that the development / promotion of non-cash payments will not only stabilize the resource savings of its users within the economy, but will also lead to control of transparency, almost the entire amount of money circulation, as well as curbing the risk of cash temptation, embezzlement or similar. In the study, we found that, in case of non-cash transactions, transition from cash to non-cash has an impact on the monetary policy, the provision of financial resources by the financial institutions of the economy. In addition, the minimum provision for devices for the use of non-cash payment instruments by businesses is a very important circumstance, which we have presented as a novelty in several regulatory areas in the conclusion of the article. As a result of the research, we have identified the following scientific innovations: not to deduct more than 25% of the POS terminals acquired by banks for the service of noncash payments, not in operation, but to set clear directions for the use of these funds. The other new approach is for all businesses; to apply to banks for providing POS terminals or similar functionalities at cash registers, as well as to register bank accounts depending on the industry, and at the same time submit a statement to the State Revenue Committee within 20 days․