The central bank of the Russian Federation works under the name “The Central Bank of the Russian Federation.” Its historical roots trace back to the establishment of the State Bank of the Russian Empire in 1860.
The bank’s headquarters are located on Neglinnaya Street in Moscow. Its roles and responsibilities are outlined in the Constitution of Russia and relevant federal laws.
Licensing and Regulation
By formulating effective monetary policies, it aims to foster a favourable environment for investment, business expansion, and overall economic development.
Through responsible financial regulation, efficient liquidity management, and the provision of essential funding, the bank actively contributes to promoting the growth and stability of the Russian economy.
Supervision and Compliance
The Bank of Russia actively participates in international collaboration and cooperation by establishing partnerships with other central banks and financial institutions. Through these alliances, the bank facilitates the exchange of knowledge, improves regulatory frameworks, and fosters stability within the international financial system.
Conclusion
The Bank of Russia builds a strong foundation for a robust and resilient economy for price stability and promotion of sustainable growth.
By following international best practices and fostering collaboration with global partners, the central bank continually works to improve its effectiveness and contribute to the stability of the global financial landscape.
