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ASSOCIATION GOZNAK OF THE MINISTRY OF FINANCE OF THE RUSSIAN FEDERATION Association Goznak of the Ministry of Finance of the Russian Federation is the Association of State Enterprises and Organizations for Manufacturing State Notes. Goznak is the unique complex of enterprises in Russia for speciality papers, banknotes, documents and security papers, excise, special and postage stamps, coins and orders production. Goznak incorporates 4 Printing Plants, 2 Paper Mills, 2 Mints and Research Institute. All the enterprises of the Association are provided with modern equipment and utilize advanced technology. Enterprises of Association Goznak have licenses ¹¹ 1, 2, 3, 4 of the Ministry of Finance of the Russian Federation to manufacture the most demanding bearer securities and guarantee high level of the products security in accordance with the securities specifications. Having become a successor of the oldest and unique enterprise Goznak carefully preserved the experience and traditions of the old masters. The use of historic parallels and national color imparts vivid artistic individuality to Goznak products. The products artistic qualities are integrally combined with the high level of security. Goznak is one of the oldest enterprises of the similar kind in Europe. Paper money appeared in Russia in the reign of Ekaterina the Second - in 1769. Currency bills - coins receipt - were more convenient in circulation than coins, but their quality was not high. After the Patriotic war of 1812 Russia was flooded with false currency bills. It caused the necessity to establish a specialised institution for paper money production which was created in 1818 under the decree of Alexander the First. The Regulations about the new enterprise say: "The Expedition for State Securities Stock is established for currency bills as well as other papers with National Emblem production". The enterprise was incorporated into the Ministry of Finance. With the creation of the Expedition paper money of full value production was set up. The production was steadily improved thanks to the discoveries and selfless labour of the Expedition staff. Galvanoplasty, intaglio and Orlov printing - the achievements of the Expedition constantly gained high estimate at the international exhibitions. Banknotes and securities became the work of art. In 1919 the People's Commissariat of Finance of the Russian Soviet Federative Socialist Republic approved the Regulations about the State Securities Stock (Goznak) factories management. In 1941 ÷åêàíêà of metallic coins passed to Goznak: Leningrad (now St. Petersburg) Mint which counts off its history since 1724, date of the first gold rouble manufacture with the portrait of Peter the First, was incorporated into the system of enterprises. In 1942 Moscow Mint was founded. So Goznak is the sole manufacturer of currency. |
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