Functioning of the development of cash circulation in russia in 2016-2018

Abstract

One of important indicators of state of the economy are the volume and the movement of money supply. In modern Russia the lack of money supply in comparison with GDP indicator is observed. Monetization coefficient which shows the level of sufficiency of cash, low that speaks about insufficient quantity of cash for implementation of transactions of purchase and sale of goods and services. In article growth of a share of non-cash payments is noted that demonstrates development of digital economy in the country. It is emphasized that the speed of the address of money supply to GDP is significantly lower than the speed of the address of cash out of banks, at the same time increase in duration of a turn both money supply in general, and cash out of bank is observed. According to authors, increase in monetary circulation at decrease in its duration demonstrates increase in money supply in the address.