The reverse: a scroll bearing the inscription in eight lines "THE HIGHEST INSCRIBED UKASE TO THE GOVERNMENT
SENATE MAY 31, 1860 CONCERNING THE STATUTE OF THE STATE BANK'' to the
right - a portrait of Alexander II, lower - the facsimile-signature of
the Emperor, a quill-pen, a wax-seal with the picture of the two-headed
eagle, to the left - the building of the State Bank in
Saint-Petersburg. The inscription along the rim: FOR BRINGING LIFE TO
TRADE OPERATIONS AND STRENGTHENING THE MONETARY CREDIT SYSTEM. Proof , KM# 715 , 1,000 minted , 60mm
172.83g., 0.900 Silver - 5 Oz.ASW
Comes in capsule.
RARE
Great addition to World coin collection.
The artist: A.V. Baklanov
The sculptor: I.S. Kamshilov
Moscow Mint (MMD)
The creation of the State Bank of the Russian Empire stipulated by needs
for the economic development of the country was the component part of
the reorganization of the bank system of Russia. The history of the
State Bank of Russia began on May 31 [June 12, New Style] 1860 when its
Statute had been confirmed by the edict (ukase) of the Emperor Alexander
II. According to the Statute the State Bank was created "for bringing
life to trade operations and strengthening the monetary credit system".
The legal successors of the State Bank of the Russian Empire, as an
emission institute, were in the following the State Bank of the RSFSR
(Russian Soviet Federate Socialist Republic), the State Bank of the USSR
and since 1992 - the Central Bank of the Russian Federation.
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