Monetary systems

A monetary system is the framework that a country uses to manage its money and facilitate economic transactions. It includes the currency issued by the government or central bank, banking institutions, and regulations that ensure the stability and flow of money. This system enables people to buy goods and services, save, invest, and facilitate trade both domestically and internationally. Key components include physical money (coins and bills), digital money, and regulations that support trust and stability. Overall, a well-functioning monetary system underpins economic activity and growth.