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The Bank of Russia (Russian:Банк России) or the Central Bank of the Russian Federation (Russian: Центральный банк Российской Федерации) is the central bank of Russia. Its functions are described in the Russian constitution (Article 75) and in the special Federal law. Bank of Russia was founded on July 13, 1990, but traced its history to the State Bank of the Russian Empire. Image File history File links No higher resolution available. ...
For other uses, see Moscow (disambiguation). ...
Sergei Mikhailovich Ignatiev (in Russian: , b. ...
Image File history File links Flag_of_Russia. ...
ISO 4217 Code RUB User(s) Russia and self-proclaimed Abkhazia and South Ossetia Inflation 7% Source Rosstat, 2007 Subunit 1/100 kopek (копейка) Symbol руб kopek (копейка) к Plural The language(s) of this currency is of the Slavic languages. ...
ISO 4217 is the international standard describing three letter codes (also known as the currency code) to define the names of currencies established by the International Organization for Standardization (ISO). ...
A website (alternatively, Web site or web site) is a collection of Web pages, images, videos or other digital assets that is hosted on one or several Web server(s), usually accessible via the Internet, cell phone or a LAN. A Web page is a document, typically written in HTML...
The current Constitution of the Russian Federation (Конституция Российской Федерации) was adopted by national referendum on December 12, 1993 replacing the previous Soviet...
is the 194th day of the year (195th in leap years) in the Gregorian calendar. ...
Year 1990 (MCMXC) was a common year starting on Monday (link displays the 1990 Gregorian calendar). ...
The State Bank of the Russian Empire (Russian: was the main bank of the Russian Empire from 1860 to 1917. ...
According to the constitution, the Bank of Russia is an independent entity, with the primary responsibility of protecting the stability of the national currency, the ruble. It also holds exclusive right to issue ruble banknotes and coins. Its headquarters are on Neglinnaya Street in Moscow. ISO 4217 Code RUB User(s) Russia and self-proclaimed Abkhazia and South Ossetia Inflation 7% Source Rosstat, 2007 Subunit 1/100 kopek (копейка) Symbol руб kopek (копейка) к Plural The language(s) of this currency is of the Slavic languages. ...
A £20 Ulster Bank banknote. ...
This article is about monetary coins. ...
For other uses, see Moscow (disambiguation). ...
History
The Central Bank of the Russian Federation (Bank of Russia) was founded on July 13, 1990, on the basis of the Russian Republic Bank of the State Bank of the USSR. Accountable to the Supreme Soviet of the RSFSR, it was originally called the State Bank of the RSFSR.
On December 2, 1990, the Supreme Soviet of the RSFSR passed the Law on the Central Bank of the RSFSR (Bank of Russia), which declared the Bank of Russia a legal entity and the main bank of the RSFSR, accountable to the Supreme Soviet of the RSFSR. The law specified the functions of the bank in organising money circulation, monetary regulation, foreign economic activity and regulation of the activities of joint-stock and co-operative banks.
In June 1991, the Statute of the Central Bank of the RSFSR (Bank of Russia), accountable to the Supreme Soviet of the RSFSR, was approved.
In November 1991, when the Commonwealth of Independent States was founded and Union structures dissolved, the Supreme Soviet of the RSFSR declared the Central Bank of the RSFSR to be the only body of state monetary and foreign exchange regulation in the RSFSR. The functions of the State Bank of the USSR in issuing money and setting the ruble exchange rate were transferred to it. The Central Bank of the RSFSR was instructed to assume before January 1, 1992, full control of the assets, technical facilities and other resources of the State Bank of the USSR and all its institutions, enterprises and organisations. Member state Associate member Headquarters Minsk, Belarus Working language Russian Type Commonwealth Membership 11 member states 1 associate member Leaders - Executive Secretary Viktor Yanukovych Establishment December 21, 1991 Website http://cis. ...
State motto: Пролетарии всех стран, соединяйтесь! (Workers of the world, unite!) Official language None (Russian in practice) Capital Moscow Chairman of the Supreme...
On December 20, 1991, the State Bank of the USSR was disbanded and all its assets, liabilities and property in the RSFSR were transferred to the Central Bank of the RSFSR (Bank of Russia), which several months later was renamed the Central Bank of the Russian Federation (Bank of Russia).
In 1991-1992 an extensive network of commercial banks was created in the Russian Federation under Bank of Russia guidance through commercialisation of the specialised banks’ branches. The disbandment of the State Bank of the USSR was followed by changes in the chart of accounts, the establishment of a network of Central Bank cash settlement centres and their provision with computer technology. The Central Bank began to buy and sell foreign exchange in the currency market it established and to set and publish the official exchange rates of foreign currencies against the ruble.
In December 1992, as a result of the establishment of a single centralised federal treasury system, the Bank of Russia was no longer required to provide cash services for the federal budget.
The Bank of Russia carries out its functions, which were established by the Constitution of the Russian Federation (Article 75) and the Law "On the Central Bank of the Russian Federation (Bank of Russia)" (Article 22), independently from the federal, regional and local government structures.
In 1992-1995, to maintain stability of the banking system, the Bank of Russia set up a system of supervision and inspection of commercial banks and a system of foreign exchange regulation and foreign exchange control. As the agent of the Ministry of Finance, it organised the government securities market, known as the GKO market, and began to participate in its operations. It has been suggested that this article or section be merged into Russian financial crisis. ...
In 1995, the Bank of Russia stopped extending loans to finance the federal budget deficit and centralized loans to individual sectors of the economy. For other uses, see Loan (disambiguation). ...
Regulator The Bank of Russia is the main regulator of the banking industry. It is responsible for issuing banking licences and setting rules of banking operations and accounting standards. The bank serves as a lender of last resort for credit organisations. For other uses, see Bank (disambiguation). ...
A license or licence is a document or agreement giving permission to do something. ...
It has been suggested that Accounting scholarship be merged into this article or section. ...
This article needs to be cleaned up to conform to a higher standard of quality. ...
Monetary policy It is responsible for the country's monetary policy, including the level of the shortest interbank interest rate. By influencing the ruble interest rate, it also influences the price of the ruble in terms of foreign currencies. Tax rates around the world Tax revenue as % of GDP Economic policy Monetary policy Central bank Money supply Fiscal policy Spending Deficit Debt Trade policy Tariff Trade agreement Finance Financial market Financial market participants Corporate Personal Public Banking Regulation Monetary policy is the process by which the government, central bank...
An interbank network, also known as an ATM consortium or ATM network, is a computer network that connects the ATMs of different banks and permits these ATMs to interact with the ATM cards of non-native banks. ...
An interest rate is the price a borrower pays for the use of money he does not own, and the return a lender receives for deferring his consumption, by lending to the borrower. ...
Senior Executives of the State Bank of Russia Viktor Vladimirovich Gerashchenko, byname Gerakl (the Russian version of Heracles), was the Chairman of the Soviet and then Russian Central Bank during much of the Perestroika and post-Perestroika periods. ...
Viktor Vladimirovich Gerashchenko, byname Gerakl (the Russian version of Heracles), was the Chairman of the Soviet and then Russian Central Bank during much of the Perestroika and post-Perestroika periods. ...
Sergei Mikhailovich Ignatiev (in Russian: , b. ...
See also Russia possesses ample supplies of many of the worlds most valued natural resources, especially those required to support a modern industrialized economy. ...
ISO 4217 Code RUB User(s) Russia and self-proclaimed Abkhazia and South Ossetia Inflation 7% Source Rosstat, 2007 Subunit 1/100 kopek (копейка) Symbol руб kopek (копейка) к Plural The language(s) of this currency is of the Slavic languages. ...
Andrei Kozlov. ...
External links - (Russian) (English) Bank of Russia
- Federal law "On the Central Bank of the Russian Federation (Bank of Russia)"
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