Modern Russian monetary policy has a short period of formation and, as a consequence, it has little experience in achieving goals. The challenges in its implementation are related to the underdevelopment of monetary and financial relations of a market type, and to poor economic conditions. The importance of problems of monetary circulation increases at critical stages of historical development, as shown by the experience of modern Russia. Stabilization of financial relations is an important prerequisite for the normalization of the economic situation, the promotion in the market and the creation of conditions for economic growth. The frustration of financial relations leads to the undermining of market mechanisms, output decline and to the threat of destruction of the socio-economic system. That’s why there is an urgent need to return to financial relations their objective and commodity nature.
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