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Encyclopedia > Central Bank of the Russian Federation

Bank of Russia (Russian:Банк России) or The Central Bank of the Russian Federation (Russian: Центральный банк Российской Федерации) is a Central bank of Russia. Its functions are described in Russian constitution (Article 75) and in the special Federal law.


According to constitution Bank of Russia is an independent entity, which primary responsibility is to protect stability of national currency - ruble. It also holds exclusive right to issue ruble banknotes and coins.


Regulator

Bank of Russia is a 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.


Monetary policy

It is responsible for the country's monetary policy, including the level of the shortest interbank interest rate. Through the influence over the ruble interest rate it also influence the price of the ruble in terms of foreign currencies.


External link

  • Official website (http://www.cbr.ru/eng/)
  • Federal law "On the Central Bank of the Russian Federation (Bank of Russia)" (http://www.cbr.ru/eng/today/status_functions/print.asp?file=law_e.htm)



  Results from FactBites:
 
Central Bank of the Russian Federation - Wikipedia, the free encyclopedia (235 words)
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.
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.
Federal law "On the Central Bank of the Russian Federation (Bank of Russia)"
Russian Constitution SECTION ONE Chapter 4. (835 words)
The President of the Russian Federation shall be elected for a term of four years by the citizens of the Russian Federation on the basis of general, equal and direct vote by secret ballot.
Under the circumstances and procedures envisaged by the Federal Constitutional Law, the President of the Russian Federation shall impose a state of emergency on the territory of the Russian Federation or in areas thereof with immediate notification of the Federation Council and the State Duma.
The President of the Russian Federation shall assume his powers from the time he shall be sworn in and terminate his exercise of such powers with the expiry of his tenure of office from the time the newly-elected President of the Russian Federation shall have been sworn in.
  More results at FactBites »


 

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