Monetary System
/ˈmʌnɪˌtɛri ˈsɪstəm/
Definitions
- (n.) A legal and institutional framework governing the creation, regulation, and management of money within a jurisdiction.
The country's monetary system establishes the rules for currency issuance and banking regulation.
Forms
- monetary system
Related terms
See also
Commentary
The term often appears in contexts involving central banking law and financial regulatory frameworks.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.