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In order to financially assist Communist Parties, anti-imperialism, and pro national liberation movements worldwide, these banks acted as subsidiaries or "daughters" to the "mother" bank or Gosbank, which was the central bank of Russian Soviet Federative Socialist Republic (Russia) from 1921 to 1922 and the Soviet Union from 1923 to 1991.
The State Bank of the USSR (Russian: Государственный банк СССР, romanized: Gosudarstvennyy bank SSSR), from 1921 to 1923 State Bank of the RSFSR and commonly referred to as Gosbank (Russian: Госбанк), was the central bank and main component of the single-tier banking system of the Soviet Union from 1922 to 1991.
A soviet passbook with the words "savings booklet" in the USSR's 15 official languages. The system of State Labor Savings Banks of the USSR (Russian: Государственные трудовые сберегательные кассы СССР, shorthand Gostrudsberkassy) was the main retail bank of the Soviet Union, which in some respects perpetuated the prior operations of savings banks ...
The Soviet Union was the first jurisdiction to implement a single-tier banking system, which took shape as part of the New Economic Policy in the early 1920s following the financial dislocation of the first few years following the Russian Revolution, during which all banks' assets were nationalized and liabilities canceled in late 1917 and banking was declared a state monopoly.
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The modern Russian Federation inherited the Russian and central operations of the banking system of the Soviet Union, with a few big state banks (like Sberbank, Vnesheconombank, and VTB Bank). 1998 financial crisis
In 1925, the Soviet Union occupied the island of Urtatagai, which was considered Afghan territory at the time, due to the island being used as a base to start border raids by the Basmachi movement. In 1926 the Soviet Union withdrew from the island after the Kingdom of Afghanistan agreed to restrain the Basmachi. [37]
Download as PDF; Printable version; ... Pages in category "Banks of the Soviet Union" ... This list may not reflect recent changes. Banking in the Soviet Union; A.