Word: gosbank
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Union, which is probably the best- organized political faction in the country. Yeltsin, zigzagging between conservatives and reformers in the same manner he denounced when Gorbachev was doing it, has named conservatives to three of Russia's eight deputy premierships, and installed Viktor Gerashchenko, who once ran the Soviet Gosbank, as head of the new Russian central bank...
...Great People!" cried Genrikh Igityan, an Armenian Deputy, during one Supreme Soviet debate. Apparently realizing that he had overreached himself, Yeltsin late last week rescinded some decrees, including one asserting Russian control of state banks. That only added to the confusion: Viktor Gerashchenko, head of the Soviet central bank, Gosbank, was replaced one morning by Andrei Zverev, a deputy Russian finance minister, only to be reinstated before...
...overstated after decades of isolation from the marketplace that even Soviet citizens treat it as funny money. In the past year Soviet economists have openly acknowledged that the ruble's official rate of exchange with Western currencies was seriously out of whack. While the Soviet state bank, Gosbank, gave visiting foreigners only 0.65 rubles for every U.S. dollar, a thriving black market offered as much as 15 rubles. An internal study done for the Central Committee of the Soviet Communist Party reportedly estimated the ruble's true value to be as low as 20 to the dollar...
...Politburo, giving itself plenty of time to reconcile the currency with reality, voted a year ago to begin "steps to ensure the ruble's convertibility" by the year 2000. So Sovietologists in the West were caught by surprise last week when Gosbank announced that it would devalue the Soviet currency 90% for transactions that do not involve imports or exports. Foreign visitors will get much more bang for their buck: 6.26 rubles per dollar. But Soviet citizens traveling abroad will receive a paltry 16 cents per ruble instead of the official $1.60, which will seriously hamper their ability...
...sleek second-floor offices on the Schützengasse, is a Swiss-chartered joint stock company with initial assets of $2.3 million. It has been christened Wozchod Handelsbank, or Sunrise Commercial Bank; Chairman Albert Nikolaevich Belishchenko, 36, a career banker who was formerly vice-director of Moscow's Gosbank, says the name refers to the spaceships that the Russians launched in 1964 and 1965. Belishchenko takes pains to allay Swiss fears that Moscow will use the bank to dump gold and otherwise disrupt the tiny nation's financial ties to other Western countries. "The Soviet government wants...