Monetary and Credit System and Its Impact on the Economy of the Country

Abstract:

The state of the Russian national economy at the present stage characterizes the monetary policy pursued by the Bank of Russia. In world practice, monetary policy is traditionally considered one of the main instruments of state influence on the economic sphere. Monetary policy is understood as an economic strategy of the state, which is implemented by special financial and credit institutions in the field of regulation of money circulation and money supply, aimed at achieving the best positive economic and social result.

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