This moment has come. So let's figure out what is the Central Bank of the Russian Federation and who owns it?
Ready? Let's get started.
What is the Central Bank of Russia?
The Central Bank of the Russian Federation was founded on July 13, 1990. It is the main bank in Russia, which performs a number of key functions in the country:
- Issue of banknotes (prints money in simple words)
- Issuance and revocation of licenses from other banks in the country
- Formation of the vector of monetary policy (through the refinancing rate)
- Ruble protection in the international arena and within the country (inflation)
- Possesses the gold and foreign exchange reserves of the country (forms them)
In fact, it is such a monopoly on the market of the banking and economic sector on the territory of the Russian Federation, with absolute powers.
But there are a number of interesting points regarding the Central Bank of the Russian Federation. First of all, it is a legal entity.
But, it has an authorized capital of 3 billion rubles (article 10 *), makes a profit (article 11 *) and can only be liquidated through amendments to the Constitution of the Russian Federation (article 87 *).
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So what is this strange legal entity, and who does it belong to?
Bank details of the RF Central Bank. Taken from the site rusprofile.ru. The most interesting thing is that it does not have a form of ownership (IP, LLC, CJSC, etc.), unlike any other legal entities.
Who owns the Bank of Russia?
It should be said right away that the Central Bank of the Russian Federation is an independent legal entity.
That is, in fact, this is a private enterprise that closely cooperates with the Russian government, but is a completely separate and sovereign entity with its own obligations and interests.
The Chairman of the Bank of Russia himself is appointed by the State Duma of the Russian Federation, about the presentation of the President of Russia for a term of 4 years.
In theory, the Central Bank of the Russian Federation can be called a partner person of the Russian Federation, endowed with exclusive rights.
But the Bank of Russia may not obey the decrees of the RF authorities and defend its interests sovereignly.
It turns out that this company (well, how else to call it?) Belongs to temporary owners, who are appointed by the president himself from the state. Duma of the Russian Federation. That is to say - joint responsibility.
But then a legitimate question arises: "If the Central Bank of the Russian Federation, being a" Legal entity "with exclusive powers, possessing sovereignty over the obligations of Russia and can benefit from its activities, in whose interests does it function then?"
Output
This is the first time I meet such a strange subject, if I may say so at all.
This is some kind of unique "phenomenon" in our economy that prints money, has an authorized capital, can benefit from its activities and, in addition, sovereignly to Russia's obligations.
But even more incomprehensible is the question - who owns this "legal entity"? And what is its organizational and legal form in general ???
What is this anyway? To whom does it report? Who is the ultimate beneficiary of the Bank of Russia activities?
And I felt a little uncomfortable … Such opportunities are collected in the hands of an absolutely unknown subject (like an alien), whose motives are not entirely clear and transparent …
Collecting material for this article, I first experienced the feeling that I had met with a "different form of life." I have never seen this before …