Author(s)

Kropin Yury Anatolevich

Corresponding Author

Kropin Yury Anatolevich

ABSTRACT

The article deals with the contradiction between the modern monetary system and the existing nature of the banking system. The monetary system is a whole, and banking system is its part. The whole and its parts should be organically linked to each other, however, in modern conditions they are not in conformity. The banking system is the object of the research described in the article. Conducting the study, the author applied the scientific methods of analysis and synthesis, deduction and induction, organic sequence and others. The result of the study gave rise to the conclusion that it is necessary to change the private-ownership nature of the banking system to the national one.

KEYWORDS

Monetary system, banking system, issue of money, monetary gold