Narkomfin

Narkomfin

Narkomfin (Narodnyi komissariat finansov) was the People's Commissariat of Finance part of the government of the Russian Soviet Federative Socialist Republic from 1918 and the Soviet Union from 1922.

The Narkomfin Commissar was part of Sovnarkom. Nikolai Krestinsky was the first Commissar, appointed in 1918. However following the introduction of the New Economic Policy Narkomfin was made responsible for Gosbank [ [http://www.cbr.ru/eng/today/history/gosbank.asp The State Bank of the USSR] accessed 26 July 2008] , the State Bank of the RSFSR and then the Soviet Union. On 26 November 1921, Lenin issued a note calling for the appointment of Grigory Sokolnikov, who took control of the organisation in 1922, although his formal position was not ratified until December 1922 [ [http://members.optusnet.com.au/spainter/Sokolnikov.html Between right and left: Grigorii Yakovlevich Sokolnikov and the development of the Soviet state, 1921-1929] accessed 26 July 2008]

The Narkomfin Building, built for workers in the commissariat is a famous example of Soviet architecture. .

References


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