Improvement of the application of the monetary policy instruments of the NBKR
This article examines the problems of low monetization of the economy at high rates of monetary circulation, which indicates an insignificant accumulation of amounts in deposit accounts, low business activity in production. The problems of the NBKR are considered preferable to the growth of the money supply only through loans to the government, including in the form of the purchase of government securities on the secondary market, which, in its economic content, is equivalent to using a "printing machine". Excessively strict requirements for mandatory redundancy, which has a negative impact on the state of the banking system and destabilizes the operations of banks. It also touched upon the need to use the refinancing mechanism of commercial banks against bills of solvent manufacturing enterprises, and that access to credit resources of the National Bank will require enterprises to increase transparency and efficiency of their activities.