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160th Anniversary of the Bank of Russia

160th Anniversary of the Bank of Russia
Date of Issue
25/05/2020
Catalogue number
5111-0426
160th Anniversary of the Bank of Russia
Date of Issue
25/05/2020
Catalogue number
5111-0426
Denomination
3 rubles
Quality
Proof
Metal, fineness
Silver 925/1000
Total weight, g
33.94 (±0.31)
Fine metal content not less than, g
31.10
Diameter, mm
39.00 (±0.30)
Thickness, mm
3.30 (±0.35)
Mintage, pcs
5,000

Obverse

the mirror field of the disc features a relief image of the emblem of the Bank of Russia – a two-headed eagle with drooping wings – in a bead-shaped ring and a semicircular inscription ‘БАНК РОССИИ’ (BANK OF RUSSIA) below it; along the rim there are inscriptions divided by dots: the coin denomination ‘3 РУБЛЯ’ (3 RUBLES) above, the year of issue ‘2020 г.’ (2020) below and the indication of the precious metal, fineness, the mint trademark, and fine metal content in the middle.

Reverse

the mirror field of the disc bears a stylised image of a stairway, rising in a spiral and symbolising development, with a growth chart in the background; there is an inscription on the left in two lines: ‘160 ЛЕТ БАНКУ РОССИИ’ (160 YEARS OF THE BANK OF RUSSIA).

Authors

Designers: A.V. Baklanov, National Artist of Russia (obverse), S.A. Kozlov (reverse).
Sculptors: A.V. Baklanov, National Artist of Russia (obverse), computer simulation (reverse).
Mint: Saint Petersburg Mint (СПМД).
Edge: 300 corrugations.

Discover more

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.

Source: http://www.cbr.ru

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