Central Bank of Russia
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| Headquarters | 12 Neglinnaya str., Moscow, Russian Federation | ||
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| Established | 1860 as State Bank | ||
| Chairwoman | Elvira Nabiullina | ||
| Currency |
Ruble RUB (ISO 4217) |
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| Reserves | $382.4 B, As of 12 February 2016[update] | ||
| Bank rate | 10.5% | ||
| Website | Official website | ||
| President of the Board of Governors of the Central Bank | |
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| Appointer | President of Russia |
| Formation | May 31, 1860 |
| First holder | Alexander von Stieglitz |
| Website | Bios |
The Central Bank of the Russian Federation also known as the Bank of Russia (Russian: Банк России) is the central bank of the Russian Federation, founded in 1860 as The State Bank of the Russian Empire, headquartered on Neglinnaya Street in Moscow.
Its functions are described in the Russian constitution (Article 75) and in the special Federal Law.
The decision to create a State Bank of the Russian Empire was made by Emperor Peter III on May 1762, which was modeled on Bank of England and would have the right to issue bank notes. However, due to the coup on June 28, 1762 and the murder of the Czar, the project was implemented. The outbreak in 1768 the Russian-Turkish War and deficit of the state budget forced Catherine II, in turn, refer to the idea of issuing a paper money, and in December 1768 she formed the State Assignation Bank, which existed until 1818 and was replaced by the State Commercial Bank, but the first central banking body in Russia was established on 12 June [O.S. 31 May] 1860 as The State Bank (GosBank) of the Russian Empire (Russian: Государственный банк Российской Империи) which was formed on the base of the State Commercial Bank by ukaz of Emperor Alexander II. This ukaz also ratified the Statues of the bank. According to the Statute, it was a state-owned bank, intended for short-term credit of trade and industry.
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