On this day: The Central Bank of the Russian Federation was established


The Median Bank of Russia was founded on July 13, 1990.

It is Russia’s central bank and implements, together with the Russian sway, a single monetary policy. According to the constitution, it is an independent entity, with the leading responsibility of protecting the stability of the national currency: The ruble.

Vladimir Putin’s trade adviser from 2012 to 2013, Elvira Nabiullina, is a head of the Main Bank today.

Read more: 8 most convenient online benefits from Russian banks

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