The Bank of Russia(CBRF) has special legal status established by Article 75 of the Constitution of the Russian Federation. It grants the CBRF the exclusive right to issue currency and to protect the ruble and ensure its stability, which is the main function of the CBRF.
The CBRF conducts its activities independently from other federal bodies of state power, regional authorities and local governments. The status, goals, functions and powers of the CBRF are defined by Federal Law No. 86-FZ, dated 10 July 2002, ‘On the Central Bank of the Russian Federation (Bank of Russia)’ and by other federal laws.
Nature
Government agency
Functions
●In collaboration with the Government of the Russian Federation to elaborates and pursues a single state monetary policy;
●In collaboration with the Government of the Russian Federation to elaborates and pursues a policy of developing and ensuring the stable functioning of the financial market of the Russian Federation;
●Exercising supervision and oversight over the national payment system;
●Exercising supervision over the activities of credit institutions and banking groups;
●Supervising whether joint-stock companies and securities comply with laws and regulations;
●Supervising whether foreign exchange business complies with relevant foreign exchange laws and regulations;
●Protecting the legal rights and interests of stockholders, financial market investors, insurance policyholders and insured persons.
Contact
Telephone: 7 495 771-91-00
Fax: 7 495 621-64-65
E-mail: webmaster@www.cbr.ru
Address: 12 Neglinnaya Street, Moscow, 107016 Russia
