FOREIGN EXCHANGE TRANSACTIONS

Abstract

In the study of the current legislation, including Federal law "On currency regulation and
currency control", it is established that the category of "monetary operation" was not disclosed
by the legislator but only contains a closed list of operations, which are recognised as currency
ones. At the first glance, the monetary operation is an ordinary civil transaction. Indeed, in the
course of the transaction there is a transfer of title to currency values, and in the case of non –
residents on domestic securities. In addition, in certain civil law relations in the exchange values,
and in the case of non-residents and currency of the Russian Federation internal securities
can serve as a means and form of payment. The author rightly refutes the premise and draws a
conclusion about the peculiarities of foreign exchange transactions.