Central Banks

Central Bank of the Russian Federation

The functions of the Central Bank of the Russian Federation are regulated by the Russian Constitution (Article 75) and specific federal laws

The functions of the Central Bank of the Russian Federation are regulated by the Russian Constitution (Article 75) and specific federal laws. The constitution stipulates that the Central Bank of the Russian Federation is an independent entity whose main responsibility is to maintain the stability of the ruble, the official currency of the country. The issuance of ruble banknotes and coins is the exclusive authority of the Central Bank of Russia. Russian law stipulates that half of the profits of the Russian central bank must be allocated to the federal government for the government budget.
The Russian Federation (Russian Federation) is located in the northern part of the Eurasian continent and spans the two continents of Europe and Asia. It is the largest country in the world by area. The currency used is the Russian Ruble (Russian Ruble), code RUB.

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