Central Bank of the Russian Federation
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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.
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.
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[edit] 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.
[edit] 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.
[edit] Senior Executives of the State Bank of Russia
| Name | Year |
|---|---|
| Georgy Matyukhin | 1990-1992 |
| Viktor Gerashchenko | 1992-1994 |
| Tatiana Paramonova | 1994-1995 |
| Alexander Khandruyev | November 8 to 22, 1995 |
| Sergei Dubinin | 1995-1998 |
| Viktor Gerashchenko | 1998-2002 |
| Sergei Ignatiev | 2002 - present |
[edit] See also
[edit] External links
- (Russian) (English) Bank of Russia
- Federal law "On the Central Bank of the Russian Federation (Bank of Russia)"
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