LEGAL ANALYSIS OF BANKNOTES’ NATURE IN UZBEKISTAN

Abstract

The article examines the legal nature of money, its definition, and its main features. In this material, a comparative analysis of civil law rules in the USA, Kazakhstan, and Russia is carried out. The article focuses on the evolution of money and its modern understanding. The paper indicates that legal and economic theories take different positions about money. The author points out that money is an economic substance and at the beginning of its evolution was bearer security. The paper describes that money is an asset in Uzbekistan. However, the law does not provide a full range of rules of property to money. The author notes that economic theory expresses different positions where all should be considered as money if they provide the functions of money.