The Central Bank of Russia (Russian :Центра́льный банк Росси́йской Федера́ции), abbreviated Bank of Russia (Russian :Банк России), is the central bank of Russia, also known as the Central Bank of Russia (Russian :ЦБ России) or the Central Bank of the Russian Federation (Russian :ЦБ РФ), was established on July 13, 1990. It is responsible for the issuance of money in Russia, foreign exchange reserves, credit policy formulation, banking supervision and other operations, and plays an important role in the regulation of the Russian financial marekt. According to Article 75 of the Constitution of the Russian Federation, the Central Bank of the Russian Federation has the right to issue money and the responsibility of safeguarding the stability of the Russian ruble. The status, tasks, business scope, role and powers of the Central Bank of the Russian Federation are determined by the Law on the Central Bank of the Russian Federation and other federal laws of the Russian Federation. The current president is Elvira Nabiulina.
All Russian currency rubles and kopi are printed or stamped with the Russian word "Bank of Russia" (Russian :Банк России), and ruble banknotes and coins also have the logo of the Bank of Russia - the double-headed eagle.
Policy Rate
Date Policy Rate Change Source July 21, 2023 8.50% + 1.00% August 15, 2023 12.00% + 3.50% September 15, 2023 13.0% + 1.00% Headquarters, Moscow, Russia Coordinates 55 ° 45 ′ 47 ′ N 37 ° 37 ′ 17 ′ E Established 1860, 163 years ago (imperial period) July 13, 1990, 34 years ago (Soviet period) December 25, 1991, 32 years ago (changed current name) Chairperson of the Central Bank Elvira Nabiullina Central Bank, Russian currency Russian ruble RUB (ISO 4217) Reserve 608.20 billion US dollars, reserve requirements International Financial Reserve Bank Interest rate 13.0% Formerly the National Bank of the Soviet Union (1922-1991) Website cbr.ru/eng
