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List of
Central Banks Worldwide
In the
aftermath of the October Revolution (1917)
affiliates of the privatebanks in Belarus were
nationalized, while the land banks were closed. On
December 3, 1921, the Soviet of People's Commissars
– SPC (Government) of the Belarusian Soviet
Socialist Republic decreed that a Belarusian Office
of the State Bank should be opened in Minsk. A month
later, on January 3, 1922, the Office became
operational. That was the day on which the
Belarusian banking system originated and began
developing. Later, local branches in Vitebsk,
Borisov, Bobruisk, Moguilev as well as agencies in
Slutsk, Mozyr, Orsha, Klimovichi, and Polotsk were
opened.
Following the creation of the USSR, the State Bank
(Gosbank) of the RSFSR (Russian Soviet Federative
Socialist Republic) was transformed into the State
Bank of the USSR. The Belarusian Office was
incorporated therein. In January 1927, the Gomel
branch, formerly under the direct control of the
State Bank of the USSR, was reassigned to the
Belarusian Office.
In 1923–1925, affiliates of the All–Union
joint–stock banks (Prombank, All–Union Cooperative
Bank, and, since 1936, Torgbank) became operational.
It was in those years that a network of local banks
was formed. In 1923, the Gomel Workers' Bank was
opened which was transformed into the local communal
bank a year later. In 1925, the Belcommunbank was
set up.
To pool the available funds for the purpose of
lending to farms, district agricultural credit
partnerships – Belarusian, Gomel, Vitebsk, Orsha,
Kalinin, Bobruisk, Moguilev, Mozyr and Polotsk –
were established. In 1924, the Belarusian
partnership was transformed into Belselbank
(Belarusian Agricultural Bank) which played a
principal part in providing loans to agriculture. At
the time, the State Bank and specialized banks
devoted themselves entirely to rebuilding and
reconstructing the national economy.
Tackling these key issues was only possible on the
basis of hard currency. Therefore, with the
commencement of NEP (new economic policy), the
authorities set out to strengthen the monetary
system. In 1922–1924, a monetary reform was enacted.
As a result, a monetary system was established,
whereas the State Bank turned into the national
money issuing center and monetary circulation
regulatory agency. Introduction of a sound currency
was beneficial to production growth fostering the
economy as a whole.
Consequent upon the restructuring of the banking
system, the following entities were functioning in
Belarus between 1932 and 1959: Communal Bank,
offices with branches of the State Bank of the USSR,
Prombank of the USSR, Selkhozbank of the USSR, and
Torgbank of the USSR (until 1957).
Just prior to WWII, in 1940, there were 10 regional
(provincial) offices and 184 branches of the State
Bank in Belarus employing 4,087 staff.
The Great Patriotic War turned out to be a real
endurance test both for the entire nation and
Belarusian bankers. On June 25, 1941, the Belarusian
Office of the State Bank was moved to Tambov
(Russia), then, in November, to Karaganda
(Kazakhstan), and in March 1942, to Gorky (Russia).
The SPC of the USSR decreed the closure of the
Office on September 9, 1943. It resumed its
operation in October 1943, moving to Gomel in
December and to Minsk in July 1944.
Arranging for money circulation has always been and
still remains one of the major functions of the
Soviet banking system, including its Belarusian
component. The 1947 monetary reform was an important
development in this respect.
Shortly after the end of the period of
reconstruction and introduction of new economic
management methods the need for both adjusting the
monetary system and expanding credit ties between
the bank and the national economy became evident. As
early as 1959, reorganization took place.
Specialized banks were disbanded, the State Bank and
Stroibank of the USSR assumed their functions. Since
1959, the Belarusian banking system was represented
by the institutions of the State Bank and
Promstroibank of the USSR.
The banking system was subject to a major
reorganization in 1987. Belarusian republican banks
with their branches of the State Bank,
Vnesheconombank, Savings Bank, Promstroibank,
Agroprombank, Zhilsotsbank of the USSR were
established and were operating on a basis of
self–sufficiency and self–finance.
Acquiring independence by Belarus was a landmark in
the development of the national banking system. The
Laws "On the National Bank of the Republic of
Belarus" and "On Banks and Banking Activities in the
Republic of Belarus" were passed in December 1990.
All institutions of the USSR banks within the
Belarusian territory were declared the property of
the country. The National Bank of the Republic of
Belarus was established on the basis of the
Belarusian Republican Bank of the USSR State Bank.
Specialized state banks were transformed into
joint–stock commercial banks – Belagroprombank,
Belvnesheconombank, Belbusinessbank,
Belpromstroibank, as well as Savings Bank. In the
late 1980s – early 1990s commercial banks such as
Belarusbank, Priorbank, Brestkombank, Kompleksbank
and others came into being on the joint–stock and
sharing basis. |
Here are some of the common famous Offshore Zones :
Switzerland, Austria, Latvia, Liechtenstein, Cyprus, Bahamas,
Cayman Islands, Belize, Costa Rica, Panama, Dominica, British
Virgin Islands, Isle of Man, Cyprus, Mauritius, Singapore,
Hong Kong, and Cook Islands. These places are notoriously
called ' Tax havens of the World ' because they offer
significant tax benefits like no income taxes, no estate
taxes, no capital gains, excellent interest rates for
investments, direct access to stock markets. Switzerland is
the undisputed leader in offshore.
Nevertheless, privacy is a biggest attraction in these 'Tax
Free Zones' of the world.
We make offshore bank account setup easy:
Just a copy of your passport "legalized" or ID required.
Bank of
Albania - Bank of Algeria -
Bank of Argentina -
Bank of Armenia -
Bank of Aruba -
Bank of Australia -
Bank of Austrian -
Bank of Azerbaijan -
Bank of Bahamas -
Bank of Bahrain -
Bank of Bangladesh -
Bank of Barbados -
Bank of Belarus -
Bank of Belgium -
Bank of Belize -
Bank of Bermuda -
Bank of Bhutan -
Bank of Benin -
Bank of Bolivia -
Bank of Bosnia -
Bank of Botswana -
Bank of Brazil -
Bank of Bulgaria -
Bank of Burkina Faso -
Bank of Cameroon -
Bank of Canada -
Bank of Cayman Islands -
Bank of Central
African Republic - Bank of Chad -
Bank of Chile -
Bank of China -
Bank of Colombia -
Bank of Congo
-Bank of Costa Rica -
Bank of Côte d'Ivoire -
Bank of Croatia -
Bank of Cuba -
Bank of Cyprus -
Bank of Czech Republic -
Denmark -
Bank of Dominican Republic -
East
Caribbean area - Ecuador -
Egypt -
El Salvador -
Equatorial
Guinea - Estonia -
Ethiopia -
European Union -
Fiji -
Finland -
France -
Gabon -
Georgia -
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