3 Roubles The Bank of Russia

Reverse

The mirror field of the disc bears a characteristic ‘technological’ ornament (blockchain elements), symbolising the vector of the development of financial technologies; there is an inscription in the middle in two lines: ‘160 ЛЕТ БАНКУ РОССИИ’ (160 YEARS OF THE BANK OF RUSSIA).

Script: Cyrillic

Lettering:
160 ЛЕТ
БАНКУ РОССИИ

Translation: years of the Bank of Russia

Designer: Sergey Kozlov

Edge

300 corrugations

Comment

Date of issue: 25 MAY 2020

In 1860, the Emperor of Russia Alexander II signed a decree to establish the State Bank. According to its charter, it was responsible for promoting ‘the revival of trade turnover and the resilience of the monetary system’. Alexander von Stieglitz, a renowned banker, entrepreneur and philanthropist, became the first Governor of the bank. Initially, the State Bank was mainly engaged in short-term commercial lending. In the 1920s, the bank was a key actor in the restoration of the country’s financial system and the development of exchange relationships. During the hardships of World War I and the Great Patriotic War, it focused on covering military expenditures and the supply of the army and households with money. In the Soviet Union, the State Bank was a lender for the centrally planned economy, issued money, and carried out international settlements. In the challenging 1990s, the bank did its best to keep the economy stable and created the system of foreign exchange regulation and control. Today, the Bank of Russia is a technologically advanced mega-regulator responsible for the stability of the entire financial system of the country.

Interesting fact

Price

Date	Mintage	VG	F	VF	XF	AU	UNC
2020 СПМД	5000	-	-	-	-	-	-

Values in the table are based on evaluations by sales realized on Internet platforms. They serve as an indication only for 3 Roubles (The Bank of Russia) 2020 coin.