The regulator praised Matyukhin as an \u201cactive and responsible leader\u201d who was appointed to lead the State Bank of the Russian Soviet Federative Socialist Republic \u201cduring a critical turning point\u201d in 1990.<\/p>\n
\u201cHe oversaw the formation of the Bank of Russia under new conditions, leading it until 1992,\u201d the Central Bank said in a statement.<\/p>\n
\t\topinion \t\t\t\tHow Russia\u2019s Obsession With Economic Stability Made It Weaker Matyukhin played a key role in the development of modern Russia\u2019s financial sector during severe currency shortages and soaring inflation.<\/p>\n Russian business media described<\/a> one of his main achievements as the establishment of Russia\u2019s two-tiered banking system, with separated central monetary authority from commercial banking operations.<\/p>\n Matyukhin is also remembered<\/a> for personally signing the 5,000-ruble banknote, a gesture that no subsequent Central Bank governor has since repeated.\u00a0<\/p>\n Born in the Altai region city of Barnaul on Sept. 6, 1934, Matyukhin initially trained as a geologist before graduating from the Moscow State Institute of International Relations in 1961.<\/p>\n He then worked within the KGB\u2019s foreign intelligence division before being stationed under diplomatic cover in Uruguay, from where he was eventually expelled alongside a group of Soviet spies.<\/p>\n A Message from The Moscow Times:<\/strong><\/p>\n Dear readers,<\/p>\n We are facing unprecedented challenges. Russia’s Prosecutor General’s Office has designated The Moscow Times as an “undesirable” organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a “foreign agent.”<\/p>\n These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work “discredits the decisions of the Russian leadership.” We see things differently: we strive to provide accurate, unbiased reporting on Russia.<\/p>\n We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help<\/a>.<\/p>\n Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It’s quick to set up, and every contribution makes a significant impact.<\/p>\n By supporting The Moscow Times, you’re defending open, independent journalism in the face of repression. Thank you for standing with us.<\/p>\n \n\t\t\t\tContinue\n\t\t\t<\/p>\n \t\t\t\t Not ready to support today? \u00d7<\/p>\n \t\tRemind me next month<\/strong><\/p>\n \n\t\t\tThank you! Your reminder is set.\n\t\t<\/p>\n
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