Russian Assignation Bank
The first bank in the Russian Empire to issue paper money, founded in 1769.
Last updated August 25, 2026
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Overview
The Russian Assignation Bank was the first bank in the Russian Empire to issue paper money, established by Catherine the Great in 1769. It was responsible for issuing paper currency (assignats) to facilitate commerce and economic development. It holds an important place in Russian financial history and was later replaced by other financial institutions.
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