Goznak
Overview
Unitary enterprise
A unitary enterprise is a government-owned corporation in Russia and some other post-Soviet states. Unitary enterprises are business entities that have no ownership rights to the assets they use in their operations....
in Russia, responsible for the production of coins and bank notes. Goznak was established on July 6, 1919, under the conditions of civil war, as an agency that administered the whole process cycle of bank note manufacturing. It incorporated several factories involved in different stages of the production cycle. Although the initial scope of Goznak had been the production of bank notes, the production of coins was added to its field of operations in 1941.
