On The Monetary System Of The Russian Federation

Original Language Title: О денежной системе Российской Федерации

Read the untranslated law here: http://pravo.gov.ru/proxy/ips/?doc_itself=&infostr=x&backlink=1&fulltext=1&nd=102018662

Expired-the Federal law dated 26.04.95 g. N 65-FZ z and c o n RUSSIAN FEDERATION about the monetary system of the Russian Federation chapter I General provisions article 1. This law establishes the legal basis of the monetary system of the Russian Federation and its functioning.
Article 2. The monetary system of the Russian Federation includes the official monetary unit, the procedure for issue of cash money, organization and regulation of monetary circulation.
Article 3. The official monetary unit (currency) of the Russian Federation is the ruble. One ruble is comprised of 100 cents.
Introduction in the territory of the Russian Federation, other currencies and issue cash surrogates are prohibited.
Article 4. The formal relationship between ruble and gold or other precious metals.
The official Ruble rate to monetary units of other States shall be determined and downloads are published by the Central Bank of the Russian Federation (Bank of Russia).
Article 5. Persons guilty of violating the requirements of the present law shall incur criminal, administrative or property liability in accordance with the legislation of the Russian Federation.
CHAPTER II ISSUE of CASH Article 6. Issue of cash, their circulation and withdrawal them from circulation on the territory of the Russian Federation is carried out exclusively by the Central Bank of Russia.
Article 7. Cash issued into circulation as banknotes (banknotes) and metallic coins.
Banknotes and coins are unconditional obligations of the Bank of Russia and all his assets.
Article 8. Samples of banknotes and coins shall be approved by the Bank of Russia in agreement with the Presidium of the Supreme Council of the Russian Federation.
Reports of release into circulation new banknotes and coins, as well as their description published by the Bank of Russia in the media.
Article 9. Banknotes and coins issued by the Bank of Russia are required to receive at their face value throughout the territory of the Russian Federation in all kinds of payments, as well as for the accounts, deposits, letters of credit and for translation.
Article 10. Forgery and the illegal manufacture of banknotes and coins must be prosecuted by law.
Article 11. Responsible for the pokupjurnyj composition of cash in circulation, necessary for the smooth functioning of the cash settlements on the territory of the Russian Federation is entrusted to the Bank of Russia.
CHAPTER III, article 12 CALCULATIONS. Calculations are performed on the territory of the Russian Federation in the currency of the Russian Federation, except for cases stipulated by legislative acts of the Russian Federation.
The procedure and conditions for payments in foreign currency on the territory of the Russian Federation shall be determined by the Bank of Russia in compliance with legislation of the Russian Federation.
Payments are carried out on the territory of the Russian Federation in the form of cash or cashless payments.
Article 13. Forms of cashless settlements are determined by rules established by the Bank of Russia in compliance with the legislative acts of the Russian Federation. Sample payment documents used for cashless settlements in the territory of the Russian Federation-payment orders, bills of Exchange, cheques and other-approved by the Bank of Russia.
Article 14. Payments between legal entities, as well as between natural and legal persons of the payments, the amount of which exceeds the dimensions established by the Russian Government, is carried out only in cashless order.
CHAPTER IV organization and regulation of MONETARY CIRCULATION Article 15. The Bank of Russia assigned: planning of volumes of manufacture, transport and storage of banknotes and coins, creating their reserve funds;
establish rules for storage, transportation and collection of cash;
establishment signs bank note banknotes and order replacement of damaged banknotes and coins, as well as their destruction;
determination of the order of reference of cash operations in the Russian Federation.
Article 16. Regulation of money circulation in the Russian Federation shall be exercised in accordance with applicable banking legislation and the main directions of the monetary policy of the Russian Federation.
The President of the Russian Federation, b. YELTSIN Moscow, Russia September 25, 1992 House Tips N 3537-I