Treasury Issue

Treasury Issue

 

the introduction of paper money into circulation by the treasury or other state financial body.

Under capitalism, treasury issue is inflationary in nature. A bourgeois state resorts to treasury issue during crises, particularly in times of war if the current revenues (mainly taxes) of the state budget are insufficient to cover government expenditures. The treasury issue is one of the concealed ways of robbing the toiling masses and mobilizing additional resources. Before the general crisis of capitalism, when bank notes could still be exchanged for gold, a treasury issue by its economic nature and consequences greatly differed from a bank note issue, which was connected with the broadening of credit operations and the growth of commodity circulation. Since the world economic crisis of 1929-33, when the exchange of bank notes for gold was abolished and bank note issues were used to cover budget deficits, a treasury issue is not any different from a bank note issue.

In socialist countries, a treasury issue is effected in a planned manner on the same credit basis as the issue of bank notes, according to the requirements of economic circulation for paper money of the smaller denominations. In the USSR paper money is issued by the Gosbank (State Bank) of the USSR.

A. B. EIDEL’NANT

Mentioned in ?
References in periodicals archive ?
Effective risk management is more than a treasury issue since operations creates the exposures," Tosh points out.
LongstafF, and Hanno Lustig, University of California at Los Angeles and NBER, "Why Does the Treasury Issue TIPS ?
The 30-year Treasury issue requires near-term consideration, and both houses are expected to act on a replacement before the year ends.
25 percent over the five-year Treasury issue or at 2.
In this regard, some have suggested that the Treasury issue zero-coupon securities, both nominal and real, to prevent indexed debt from being disadvantaged and to make comparisons of yield differentials transparent.
Recent blog posts include: FASB Updates for 2016 Financial Statements,IRS and Treasury Issue More Guidance on Inversion Transactions,IRS Releases Guidance on Treatment of Incentive Stock Options in Reorganizations
Accordingly, Congress's suggestion that Treasury issue regulations providing for a reduction in the basis of the stock of the distributing corporation to reflect its net asset value, and its statement that Treasury may determine that the aggregate basis of distributing and controlled after the distribution should be less than such aggregate basis before the distribution in situations like Example 19 is at odds with the statutory language of section 358(b) and its legislative history.
The Conference Report expresses congressional intent that the Secretary of the Treasury issue guidance establishing one or more safe harbor methods for the estimation of inventory shrinkage that will be deemed to result n clear reflection of income.

Full browser ?