OKVED 2 64.11—Activities of the Central Bank of the Russian Federation (Bank of Russia)

Where 64.11 sits

1. K Financial and insurance activities
2. 64 Activities related to the provision of financial services, except for insurance and pension provision services
3. 64.1 Monetary intermediation
4. 64.11 Activities of the Central Bank of the Russian Federation (Bank of Russia)

What 64.11 includes

• In interaction with the Government of the Russian Federation, the development and implementation of a single state monetary and credit policy;
• Monopoly on the issue of cash and organization of cash circulation;
• Acting as a lender of last resort for credit institutions, organizing a system of their refinancing;
• Establishing rules for settlements in the Russian Federation;
• Establishing rules for conducting banking operations;
• Servicing accounts of budgets of all levels of the budget system of the Russian Federation;
• Effective management of gold and foreign exchange reserves;
• Making decisions on the state registration of credit institutions, issuing licenses to credit institutions to carry out banking operations, suspending and revoking them;
• Supervision of the activities of credit institutions and banking groups;
• Carrying out, independently or on behalf of the Government of the Russian Federation, all types of banking operations and other transactions necessary to perform the functions of the Bank of Russia;
• Organizing and implementing currency regulation and currency control in accordance with the legislation of the Russian Federation;
• Determining the procedure for making settlements with international organizations, foreign states, as well as with legal entities and individuals;
• Establishing accounting and reporting rules for the banking system of the Russian Federation;
• Establishing and publishing official exchange rates of foreign currencies against the ruble;
• Participating in the development of the forecast of the balance of payments of the Russian Federation and organizing the compilation of the balance of payments of the Russian Federation;
• Establishing the procedure and conditions for currency exchanges to carry out activities to organize the purchase and sale of foreign currency, issue, suspend and revoke permits for currency exchanges to organize the purchase and sale of foreign currency;
• Analyzing and forecasting the state of the economy of the Russian Federation as a whole and by region, publishing relevant materials and statistical data;
• Implementing payments by the Bank of Russia on deposits of individuals in banks declared bankrupt that do not participate in the system of compulsory insurance of deposits of individuals in banks of the Russian Federation, in cases and according to the procedure stipulated by federal law;
• Performing the function of a depository for International Monetary Fund funds in the currency of the Russian Federation, carrying out operations and transactions stipulated by the articles of the Agreement of the International Monetary Fund and agreements with the International Monetary Fund;
• Implementing other activities in accordance with federal laws

64.11 in other systems