Bank of Russia Currency & Banknote Values

The Greysheet Catalog (GSID) of the Bank of Russia series of Russia in the World Currency contains 2 distinct entries with CPG® values between $4.00 and $10.00.

The Central Bank of the Russian Federation (Bank of Russia) was founded on 13 July 1990, on the basis of the Russian Republic Bank of the State Bank of the USSR. Accountable to the Supreme Soviet of the RSFSR (Russian Soviet Federative Socialist Republic), it was originally called the State Bank of the RSFSR. On 2 December 1990, the Supreme Soviet of the RSFSR passed a Law establishing the Central Bank of the RSFSR and recognizing the Bank of Russia as a legal entity of the RSFSR accountable to the Supreme Soviet of the RSFSR. The law specified the functions of the bank in organizing money circulation, monetary regulation, foreign economic activity, and regulation of the activities of joint-stock and co-operative banks. In June 1991, the Statute of the Central Bank of the RSFSR (Bank of Russia), accountable to the Supreme Soviet of the RSFSR, was approved.

In November 1991, when the Commonwealth of Independent States was founded and Union structures dissolved, the Supreme Soviet of the RSFSR declared the Central Bank of the RSFSR to be the only body of state monetary and foreign exchange regulation in the RSFSR. The functions of the State Bank of the USSR in issuing money and setting the ruble exchange rate were transferred to it. Prior to 1 January 1992, the Central Bank of the RSFSR was instructed to assume full control of the assets, technical facilities, and other resources of the State Bank of the USSR and all its institutions, enterprises, and organizations.

On 20 December 1991, the State Bank of the USSR was disbanded and all its assets, liabilities, and property in the RSFSR were transferred to the Central Bank of the RSFSR, which several months later was renamed the Central Bank of the Russian Federation (Bank of Russia).

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