Central Bank of the Russian Federation

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The Central Bank of The Russian Federation's functions are described in the Russian constitution (Article 75) and in the special Federal law. 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. Under Russian law, half of the Central Bank's profit has to be channeled into the federal budget.

Chairman: Elvira Nabiullina
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