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Central Bank of The Russian Federation

The Central Bank of the Russian Federation also known as the Bank of Russia.

The Central Bank of The Russian Federation’s functions are described in the Russian constitution and in the special Federal law. the Russian federation, founded in 1860 as The State Bank of the Russian Empire.

According to the constitution, the Bank of Russia is an independent entity, with the primary responsibility of protecting the stability of the national currency, the ruble. It also holds exclusive right to issue ruble banknotes and coins.

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