Gosbank

(redirected from State Bank of the USSR)

Gosbank

The central bank of the Soviet Union. Founded in 1921, it was the only bank in the USSR between the Great Depression and 1987. It helped prepare the state budget and financed both government operations and private projects that furthered Soviet economic goals. It also issued the Soviet ruble. See also: Five year plan, Perestroika.
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References in periodicals archive ?
State Bank of the USSR. In 1990 he was appointed as the head of the Armenian branch of Vneshtorgbank.
Andris Ruselis, has a degree from the University of Latvia's Finance and Commerce Faculty, who began working at the Latvian SSR Branch of the State Bank of the USSR, then as chairman of the executive board of "Latvijas Zemes Banka," then in some private insurance companies, before being appointed as Latvijas Banka's deputy governor.
The bonds were backed by the central government and by the State Bank of the USSR and were distributed by savings bank branches.