State Bank of the USSR

State Bank of the USSR
Государственный банк СССР
Former head office of the Gosbank in Moscow, originally the branch of the State Bank of the Russian Empire
Former head office of the Gosbank in Moscow, originally the branch of the State Bank of the Russian Empire
Headquarters12 Neglinnaya str., Moscow, Soviet Union
EstablishedOctober 1921 (October 1921)
Dissolved20 December 1991 (1991-12-20)
Central bank of Soviet Union
CurrencySoviet ruble
SUR (ISO 4217)
Preceded byState Bank of the Russian Empire (1860–1917)
People's Bank (1917-1920)
Succeeded byCentral Bank of Armenia
Central Bank of Azerbaijan
National Bank of the Republic of Belarus
Bank of Estonia
National Bank of Georgia
National Bank of Kazakhstan
National Bank of the Kyrgyz Republic
Bank of Latvia
Bank of Lithuania
National Bank of Moldova
Bank of Russia
National Bank of Tajikistan
Central Bank of Turkmenistan
National Bank of Ukraine
Central Bank of Uzbekistan

The State Bank of the USSR (Russian: Государственный банк СССР, romanizedGosudarstvennyy 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. After an extended gap in 1920–1921, it took over the legacy of the State Bank of the Russian Empire. With the dissolution of the Soviet Union, it was terminated on 1 March 1992 and its local operations were taken over by the newly formed central banks of the post-Soviet states such as the National Bank of Kazakhstan, Central Bank of Russia (CBR), or National Bank of Ukraine, while the CBR inherited its central operations.

The Gosbank was one of the three main Soviet economic authorities, the other two being Gosplan (the State Planning Committee) and Gossnab (the State Committee for Material Technical Supply). It closely collaborated with the Soviet Ministry of Finance to prepare the national state budget.


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