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Gosbank (Russian: Госбанк, Государственный банк СССР, Gosudarstvenny bank SSSR—the State Bank of the USSR) was the central bank of the Soviet Union and the only bank in the entire country from 1922 to 1991. Gosbank was one of the three Soviet economic authorities, the other two being "Gosplan" (the State Planning Committee) and "Gossnab" (the State Committee for Material Technical Supply). The Gosbank closely collaborated with the Soviet Ministry of Finance to prepare the national state budget.
The foundation of the bank was part of the implementation of the New Economic Policy. On 3 October 1921, the All-Russian Central Executive Committee (VTsIK), passed a resolution for the founding of the State Bank of the Russian Soviet Federative Socialist Republic. This was followed by a similar resolution passed by Sovnarkom on 10 October 1921. It began operations on 16 November 1921.
Obverse
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Depicts the state emblem of the Soviet Union (fourth version, 1956–1991), the country name (USSR), the value and the issue date below. СССР |
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Reverse
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Depicts the State Bank of the USSR's patterned gates and the building in Moscow, the inscription "State Bank" above and "Moscow XIX century" below. ГОСУДАРСТВЕННЫЙ БАНКЪ |
Edge |
FIVE RUBLES ⋆ FIVE RUBLES ⋆ ПЯТЬ РУБЛЕЙ ⋆ ПЯТЬ РУБЛЕЙ ⋆ |
5 Rubles
70th Anniversary of the State Bank of the USSR
Y# 272 Schön# 225 CBR# 3012-0012
70th Anniversary of the State Bank of the USSR
Characteristics
Type | Commemorative Issue (Non-circulating) |
Material | Cupronickel |
Weight | 19.8 g |
Diameter | 35 mm |
Thickness | 2.6 mm |
Shape | round |
Alignment | Medal |
Mint |
Leningrad Mint (LMD)
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