The Central Bank of the Russian Federation was founded in the summer of 1990 as the Russian Republic's own bank, on the basis of the republic's branch of the Soviet State Bank, as Russia asserted its autonomy within the Soviet Union. After the Soviet Union collapsed in 1991, it took over the functions of the central bank for the new state and took charge of issuing the ruble. It faced very high inflation in the 1990s and the financial crisis of 1998, when Russia defaulted on its debt and devalued the ruble. Under Elvira Nabiullina, who became governor in 2013, it was credited with stabilising the financial system. Its headquarters are in Moscow.
Before and after
- 24 April 1990Launch of Hubble Space Telescope
- 7 May 1990Founding of European Environment Agency
- 22 May 1990Creation of Windows 3.0
- 12 June 1990Declaration of State Sovereignty of the Russian Soviet Federative Socialist Republic
- 13 July 1990Founding of Central Bank of Russia
- from 2 August 1990 to 28 February 1991Gulf War
- 12 August 1990Discovery of Sue
- 15 August 1990Birth of Jennifer Lawrence
- 12 September 1990Treaty on the Final Settlement with Respect to Germany
More in Society, economy & sport
- 1945Founding of International Court of Justice
- 27 December 1945Founding of World Bank
- 15 June 1954Founding of Union of European Football Associations
- 14 September 1960Founding of Organization of the Petroleum Exporting Countries
- 8 December 1991Founding of Commonwealth of Independent States
- 4 February 2004Founding of Facebook
The era
This moment belongs to the Contemporary world (1945 CE to today), the world since 1945. You can also browse everything in the 20th century.