Central Bank of Russia
||The examples and perspective in this article may not represent a worldwide view of the subject. (December 2014)|
|This article is outdated. (April 2014)|
|Headquarters||Neglinnaya 12, Moscow, Russia|
|Established||1860 (historic), 1990 (modern)|
|Central bank of||The Russian Federation|
RUB (ISO 4217)
|Reserves||$416.2Bn, As of 5 December 2014[update]|
The Bank of Russia (Russian: Банк Росси́и; IPA: [bank rɐˈsʲijɪ]) or the Central Bank of the Russian Federation (Russian: Центра́льный банк Росси́йской Федера́ции; IPA: [tsɨnˈtralʲnɨj bank rɐˈsʲijskəj fʲɪdʲɪˈratsɨɪ]) is the central bank of the Russian Federation, founded in 1990, headquarterd on Neglinnaya Street in Moscow. Its functions are described in the Russian constitution (Article 75) and in the special Federal Law.
Role and duties
The Bank of Russia was founded on July 13th, 1990. According to the constitution,it is an independent entity, with the primary responsibility of protecting the stability of the national currency, the ruble.
It is the main regulator of the Russian banking industry, responsible for banking licenses, rules of banking operations and accounting standards, serving as a lender of last resort for credit organizations.
It holds the exclusive right to issue ruble banknotes and coins through the Moscow and St. Petersburg mints, the Goznak mint. The central bank issues commemorative coins made of precious and non precious metals as well as investment ones made of precious metals, which are distributed inside and outside the country. In 2010 in honor of its 150th anniversary it issued a 5-kilo commemorative gold coin Alexander II .
Ownership of commercial bank
The Bank of Russia owns a 57.58% stake in Sberbank, which creates potential conflicts of interest both in the competitive landscape as well as in the regulatory policy of the Russian banking sector.
|Alexander Khandruyev||November 8 to 22, 1995|
- Andrey Kozlov
- Banking in Russia
- Economy of Russia
- Russian ruble
- Payment system
- Real-time gross settlement
- Bank for International Settlements
- "Russian central bank hikes interest rate to 17 percent from 10.5 percent". Reuters. 15 December 2014. Retrieved 15 December 2014.
- "Inside the Risky Bets of Central Banks", The Wall-Street Journal. Dec. 12, 2012
- Commemorative and Investment Coins of the Bank of Russia
- "Russia to issue 5 kg gold coin", The Financial Express. May 19, 2010. Accessed May 19, 2010.
- Sberbank shareholders, official website: http://www.sbrf.ru/moscow/ru/investor_relations/information_for_shareholders/share_capital_structure/
- Barenboim, Peter (2001). "Constitutional Economics and the Bank of Russia". Fordham Journal of Corporate and Financial Law 7 (1): 160.
|Wikimedia Commons has media related to Central Bank of Russia.|
- Bank of Russia (Russian) (English)
- Federal law "On the Central Bank of the Russian Federation (Bank of Russia)"
- Interview to CIO magazine: Bank of Russia's deputy chairman Mihail Senatorov
- Historical Scandals from the Dean Peter Krogh Foreign Affairs Digital Archives