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Central Bank of Russia

Central Bank of the Russian Federation
Центральный банк Российской Федерации
Head office, erected in 1894 as Moscow branch of the State Bank of the Russian Empire
Head office, erected in 1894 as Moscow branch of the State Bank of the Russian Empire
Headquarters12 Neglinnaya str., Moscow, Russian Federation
Coordinates55°45′47″N 37°37′17″E / 55.76306°N 37.62139°E / 55.76306; 37.62139
EstablishedJuly 13, 1990 (1990-07-13) (Bank of RSFSR)
December 25, 1991 (1991-12-25) (current name)
GovernorElvira Nabiullina
Central bank of Russia[1]
CurrencyRussian ruble
RUB (ISO 4217)
Reserves608.2 billion USD (As of 9 April 2022)[2]
Reserve requirementsInternational Reserves
Bank rate16.0% [3]
Preceded byState Bank of the USSR (between 1922 and 1991)
Websitecbr.ru/eng

The Central Bank of the Russian Federation (Russian: Центральный банк Российской Федерации), which brands itself as Bank of Russia (Russian: Банк России)[4][5] and is also commonly referred to in English as the Central Bank of Russia (CBR),[6][7][8] is the central bank of the Russian Federation. The bank was established on July 13, 1990.[8] It claims the legacy of the State Bank of the Russian Empire (1860-1920) and of the Soviet Gosbank (1921-1992), even though both institutions covered a significant larger territorial scope.[9]

The bank is headquartered on Neglinnaya Street in Moscow. Its functions are described in the Constitution of Russia (Article 75)[10] and in federal law.[citation needed]

  1. ^ Weidner, Jan (20 April 2017). "The Organisation and Structure ofCentral Banks" (pdf). portal.dnb.de. Darmstadt: Technische Universität Darmstadt. p. 296. Archived from the original on 28 May 2020. Retrieved 21 December 2021.
  2. ^ Central Bank of The Russian Federation. "International Reserves of the Russian Federation (End of period)". Archived from the original on 19 January 2023. Retrieved 1 March 2022.
  3. ^ "The Central Bank of Russian Federation | Bank of Russia". www.cbr.ru. Archived from the original on 17 February 2023. Retrieved 19 June 2021.
  4. ^ "About Bank of Russia | Bank of Russia". cbr.ru. Archived from the original on 28 May 2022. Retrieved 28 May 2022.
  5. ^ "О Банке России | Банк России". cbr.ru. Archived from the original on 3 June 2022. Retrieved 28 May 2022.
  6. ^ "Constitution of the Russian Federation". Government of the Russian Federation archive.government.ru. Archived from the original on 25 October 2014. Retrieved 28 May 2022.
  7. ^ "Конституция Российской Федерации / Constitution of the Russian Federation (in Russian)". Government of the Russian Federation archive.government.ru. Archived from the original on 29 July 2021. Retrieved 28 May 2022.
  8. ^ a b "Federal Register / Vol. 87, No. 42 / Thursday, March 3, 2022 / Notices" (PDF). United States Department of the Treasury. 3 March 2022. Archived (PDF) from the original on 3 March 2022. Retrieved 27 May 2022.
  9. ^ History of the Bank of Russia. 1860–2010. In 2 vols. Ed.: Y. A. Petrov, S. Tatarinov. 2010.
  10. ^ "Constitution of the Russian Federation". Government of the Russian Federation archive.government.ru. Archived from the original on 25 October 2014. Retrieved 28 May 2022.

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