MODIFICATION OF MODERN MONEY AND ITS FUNCTIONS
Abstract and keywords
Abstract (English):
Modern conditions of the world and Russian economy are characterized by a high degree of instability, inflation risks, transformation of payment infrastructure and active development of digital technologies. Against this background, the monetary system as one of the key elements of the macroeconomic mechanism is experiencing significant structural changes. The classical functions of money – a measure of value, means of circulation, payment, accumulation and world money – are being rethought and transformed. Digital forms of currency are becoming increasingly important, including the digital ruble project implemented by the Central Bank of the Russian Federation, as well as innovative financial instruments. This makes it relevant to scientifically analyze the degree of modification and efficiency of money's performance of its traditional functions in modern conditions, as well as to develop practical recommendations for their improvement.

Keywords:
concept of money, essence of money, modern economy, theory of money, digitalization of payments
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