abstract:Gosbank (, Gosudarstvenny bank SSSR—the USSR State Bank) was the central bank of the Soviet Union and the only bank whatsoever in the entire Union from the 1930s until the year 1987. Gosbank was one of the three Soviet economic authorities, the other two being "Gosplan" (the State Planning Committee) and "Gossnab" (the State Committee for Material Technical Supply).
Viktor Gerashchenko, chairman of the Soviet Gosbank, in a statement during the BIS sessions said that the USSR had already secured an understanding from several Western central banks that it could raise hard currency in an emergency by pledging gold to be bought back at a later date.