Sitnik, A.A. Currency regulation in the Russian Federation: the modern history and the further directions for the improvement of the currency legislation.

Abstract: The object of the study includes financial legal norms regulating the social relations in the sphere of currency operation processes, including the norms, which are currently not in force. The goal of the article is to use the historic method in order to study the process of liberalization of the currency regime in the Russian Federation since 1990s to the modern time, and to develop the key directions for the improvement of the modern currency legislation. The methodological basis for the study was formed by the general scientific method of dialectic cognition, historical method, as well as the methods of analysis, synthesis, induction, deduction, etc. The results of the study allow to single out the key directions for the liberalization of the currency legislation of the Russian Federation for the last 25 years, and to develop the concept for the further improvement in the sphere of currency operation. The results of the study may be used by the legislative bodies in order to further improve the currency legislation, as well as for teaching financial law and related specialized studies.

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