Gosbank
Central and only bank of the Soviet Union / From Wikipedia, the free encyclopedia
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Gosbank (Russian: Госбанк, Государственный банк СССР, Gosudarstvenny bank SSSR—the State Bank of the USSR) was the central bank of the Soviet Union from 1922 to 1991 within the country's single-tier banking system. After an extended gap in 1920–1921, it took over the legacy of the State Bank of the Russian Empire. It was eventually terminated on 1 March 1992 following the dissolution of the Soviet Union, and its operations were taken over by the central banks of the successor countries, including the Central Bank of Russia, National Bank of Ukraine, National Bank of Kazakhstan, and others.
Headquarters | 12 Neglinnaya str., Moscow, Soviet Union |
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Established | 1922 (1922) |
Dissolved | 26 December 1991; 32 years ago (1991-12-26) |
Central bank of | Soviet Union |
Currency | Soviet ruble SUR (ISO 4217) |
Preceded by | State Bank of the RSFSR State Bank of the Russian Empire (1860–1917/1922) |
Succeeded by | Bank of Russia National Bank of Ukraine (1991–present) |
Gosbank was one of the three Soviet economic authorities, the other two being Gosplan (the State Planning Committee) and Gossnab (the State Committee for Material Technical Supply). The Gosbank closely collaborated with the Soviet Ministry of Finance to prepare the national state budget.