In fact, it has been widely discussed in the press and the economic literature. Carrying out the devaluation of the ruble, SJ Witte was considering introducing a new monetary unit in Russia. Following the example of the franc, he wanted to call it? Roos?. However, in the minds of the people of the notion? Ruble? have meant so much that by replacing the word had to be abandoned. Continue to learn more with: Raymond W. McDaniel Jr.. As a result, monetary reform in 1895? 1897. The State Bank was right to issue.
C this time the circulation of the empire based on gold monometallism; metal money freely exchanged for banknotes, which are traditionally kept the name of the credit notes. In Soviet times, preserved the traditional colors of the king of money: the background odnorublevoy bill was yellow, three-ruble? Green, pyatirublevoy? blue, a ten? red, hundred-ruble? again yellow. For more specific information, check out Michael Antonov. In these same colors were soaked government treasury notes of the USSR and the USSR State Bank Tickets samples in 1961 and 1991 monetary policy of the State Bank of the Russian Empire was aimed at maintaining exchange rate stability national currency and the gradual development of national economy. To meet these challenges, the State Bank has used various tools, including the creation of market syndicate to support the course of Russian Securities (since 1899) and the consortium banks to provide financial assistance to domestic firms in the crisis years (since 1906). At the beginning of XX century. in Russian Empire was finally formed a two-tier banking system, headed by State Bank, which in large amounts credited joint-stock commercial banks.