What date and month is Financier’s Day in Russia?

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Financier's Day is a nationwide holiday designed to draw attention to the importance and usefulness of professions related to finance. Every day every person is faced with money management. Forming a family budget, planning expenses and income, calculating risks - this is just a small list of all the tasks. Financiers deal with issues like these at a much higher level every day. They are employees of large corporations and small companies, are involved in managing commercial activities, and are largely responsible for the success of the company or its collapse.

Holiday traditions

Tradition involves festive feasts among colleagues, relatives, acquaintances, friends, and close people. There are congratulations, wishes for health and success in responsible work. Toasts are made, ending with the clink of glasses. Celebrations are moving from offices to cafes and restaurants. The event is accompanied by a variety of activities. Public organizations, authorities, and local governments organize thematic lectures.

Educational institutions hold “Financial Literacy Days” and business games. Using their example, the basic mechanisms of pricing and competition are mastered. The government presents diplomas, certificates of honor, orders, and valuable gifts to the best specialists in the region. Television and radio stations mention the event. Programs dedicated to the economic sector, its successes and difficulties are broadcast.

On the eve of this memorable date, seminars, scientific and practical conferences are being held on the issues of the sector, improving the legislative framework in the field of state regulation of business activities. Events in honor of Financier Day in 2022 are accompanied by the “Reputation of the Year” award in various categories.

September 8 is Financier Day in Russia

As a public holiday, Financier's Day was established by Decree of the President of the Russian Federation No. 1101 of August 19, 2011. The date - September 8 - was not chosen by chance, because it was on this day in 1802 that Emperor Alexander I founded the Russian Ministry of Finance.

Story

During the period in which Ivan III was in power, a central financial administration appeared in the Russian Empire. Essentially these were orders, everything was just beginning. In the 17th century, when Alexei Mikhailovich reigned, there were already 13 orders, and the Central Financial Administration - the progenitor of the modern Ministry of Finance - worked as part of the order of the Great Treasury. Further, the system was slightly changed, the orders were reorganized, and when Peter the Great created boards, he identified four that were in charge of money:

• chamber board,
• state-office-collegium or state-office,
• revision board
• Commerce Collegium.

On October 24, 1780, under Catherine II, an expedition for state revenues was formed in Russia. Until 1781, it was the only financial organization in Rus'. Afterwards it was divided into four autonomous expeditions: the first was in charge of income, the second was in charge of expenses, the third was in charge of auditing accounts, and the fourth was in charge of collecting arrears, shortfalls and surpluses. This most powerful structure at that time was subordinate to the Prosecutor General. But later it was reorganized - Peter’s collegiums were liquidated, and financial management matters were transferred to the state chambers. On November 19, 1796, Paul I decided to partially restore the collegium, but with innovations - for example, the post of state treasurer was separated from the post of prosecutor general.

On September 8, 1808, as part of the ministerial reform in Russia, the Ministry of Finance was founded. His responsibilities included managing all government parts that provide the government with money—revenue. And also the competent distribution of these funds is an expense. The minister was entrusted with a separate, extremely important task for the authorities - throughout the year he kept records and at the end of the billing period he recalculated everything, added it up and delivered it to the palace for review.

The Ministry of Finance then consisted of seven departments:

• Department of State Property (cases on state-owned peasants, estates, forests, as well as quitrent articles and distilleries);
• Department of Foreign Trade (foreign trade relations and customs affairs);
• Department of Manufactures and Internal Trade;
• Department of taxes and fees (drinking and other fees, taxes and duties and department of stamp paper);
• State Treasury Department;
• Main Directorate of the Mining, Mining and Salt Section, to which belonged:

— Department of Mining and Salt Affairs;

— Headquarters of the Corps of Mining Engineers;

— Council of the Corps of Mining Engineers;

— Mining auditorium;

• Scientific Committee of the Corps of Mining Engineers;
• Two Ministerial Offices:

General Office;

Special Office for credit.

Over the next almost 100 years, the structure of the ministry changed, committees were organized, abolished and merged. By the beginning of the 19th century, the department was still managed by the minister and his two deputies - then they were called comrades. The next steps: the ministerial council, officials for special assignments, the legal adviser and the office, divided into two independent departments: which looked for investment opportunities and which specialized in the credit part. Also under the Ministry of Finance there was an expedition for the procurement of government securities and various credit institutions: the Noble Land Bank with a special department, the Peasant Land Bank, the State Bank, the St. Petersburg and Moscow loan treasuries, the management of savings banks and the state debt repayment commission. All the commercial schools were there too.

St. Petersburg Mint. Photo: wikimedia.org

In 1810-1811, the ministry was again transformed - the state treasury was also entrusted with managing income and expenses, but with the support of state control.

In 1838, another financial department was created, which, as expected, would take away some of the functions from the Ministry of Finance - the Ministry of State Property.

On November 8, 1917, Vladimir Lenin, who was then at the helm, did not significantly change the structure of the department, but he came up with another name for the Ministry of Finance, closer to the people - the People's Commissariat of Finance. There, until 1946, they developed and implemented measures to implement the state’s financial policy: they nationalized banks and insurance companies, and abolished commercial secrets. In 1954, the People's Commissar of Finance was renamed back to the Ministry of Finance.

On November 11, 1991, by Decree of the President of the RSFSR, the Ministry of Finance and the Ministry of Economy, which then existed and essentially worked in parallel, were merged into the Ministry of Economy and Finance of the RSFSR.

On February 19, 1992, by his decree, the President of Russia finally divided the structure into the Ministry of Economy of the Russian Federation and the Ministry of Finance of the Russian Federation.

Financier's Day

Since 2011, September 8, the founding day of the Ministry of Finance, has been considered a professional holiday for everyone who works with money. For example, on this day, specialists hold financial literacy days in educational institutions of the country - for this, the administration attracts experts from the Ministry of Finance, the Bank of Russia, and Sberbank.

Also on this day, the laureates of the Reputation Prize are awarded in Moscow - those employees of the financial sector who, in the opinion of management, have distinguished themselves the most.

Well, we can’t help but mention the “Financier of the Year” competition - a competition where a competent jury chooses the best of the best.

Participants in the “Financier of the Year 2017” competition. Photo: finday.ru

Interesting Facts

• Alexander the Great became the first ruler in the world whose face was minted on money. The rest of the rulers liked this idea, which subsequently spread throughout the world.
• Many people believe that electronic money appeared in the twentieth century, but this fact is a misconception. In 1918, the US Federal Bank carried out the world's first money transfer using the telegraph.
• The first paper bills appeared several centuries BC. Such money was of great value, but it was used mainly for burning at the stake during funeral ceremonies.
• Regardless of the bank issued, the cards have the same dimensions: length – 85.6 mm, width – 54 mm, thickness – 0.67–1 mm. Most cards have a number consisting of 16 digits.
• Bank cards have a certain shelf life, which in most cases is 3 years. This is because frequent use causes the magnetic stripe to wear off.
• After the emergence of money, counterfeiters began to appear in the world. Counterfeiting is considered a crime and is punishable by law. In the Middle Ages, there were certain methods of punishment for counterfeiters. They were deprived of their right hand, thrown into cages with wild animals, burned at the stake, and hot tin was poured into their mouths.

SMS:

Now we all need help, because the situation in the country is difficult. The exchange rate fluctuates quickly, making it difficult for everyone to keep count. The crisis is not scary for us at all. The specialist keeps records. Happy holiday to you!

7 thousand sincere congratulations on your professional holiday have been sent to your account. It is worth counting them, reading them and making a detailed report. It is not necessary to send a file called “thank you” in response.

Let the money come and never dry up. Be a professional in your field!

I wish you conquering peaks, a lot of money, several cars.
You will achieve everything and succeed, overcome and succeed! Larisa, September 17, 2021.

Toasts

“Best congratulations on the occasion of the professional holiday - Financier's Day! Let them accompany you in your work: rich experience, high professionalism, responsible approach, decency, honesty, impartiality, accuracy. Energy, implementation of plans, stability, wealth, goodness, success, prosperity, health for new projects. Sincere wishes for accumulation of income, reasonable spending, harmonious workdays.”

“Happy financier’s holiday! May you be surrounded by: patience - to achieve financial heights, wisdom - to make important decisions, first-class health - to overcome life's obstacles. I wish you prosperity in life, stability at work, understanding with loved ones and the achievement of your plans!

“Congratulations on Financier’s Day! I wish you to always have an excellent understanding of financial matters, never get confused in numbers and perceive your work as pleasure! May you be lucky in life, and may success and good mood continue to be present in your life! I wish you to enjoy every moment and believe in the best - then luck will be on your side!

Story

Financier Day is a young holiday; it was established only in 2011. However, its history goes back a long way. It was on September 8, 1802 that the Ministry of Finance of the Russian Empire was first formed. It was founded by Emperor Alexander I. It was during that difficult time that serious reforms in the financial sector were required to keep the state afloat. A strong, unified commercial sector is what the government relied on and it was right. Since then, universities and specialized financial institutions began to develop in Russia under the leadership of the new ministry.

Present

Symbols of wealth. A tree, tabletop composition or painting made from coins will be an excellent themed gift for Financier's Day.

Monopoly game. The board game Monopoly will serve as an original gift idea for a financier. This game will allow you to spend your free time in an interesting and fun way, and show your potential as a strategist and economist.

Stationery. A document folder, a leather-bound notebook, an ink pen, and an organizer for writing instruments will become practical and useful gifts that will come in handy in daily work.

Money box. A coin box in an original design will serve as a themed gift and decorate the interior of your office or home.

Competitions

Who is depicted on the bill? The presenter gives the competition participants a task - to come up with whose image should be on the 100 dollar bill and why. After a little preparation, the competition participants voice their ideas. The winner is the one whose story is the most original.

Starting capital Two teams with an equal number of participants take part in the competition. The teams' task is to find a way to earn money - to sell something or provide services to guests of the holiday, for which they can receive payment. Each team has the same amount of time, after which the competitors calculate their capital. The team with the largest amount wins.

My first million The host invites the guests of the competition to think and answer what they would like to spend their first million on. The one who voices the most creative idea wins.

For a colleague:

Congratulations! Today, the professional holiday is celebrated by those people on whom the stability of the country’s economy depends. Remember! Attentiveness is the main wish for you today! After all, you have such a profession that as soon as you add an extra zero, you will have to work for the difference in numbers for the next few years. Be vigilant!

Today is your day! Let a powerful cash flow, no matter what, make your life happy and successful. As an experienced specialist, you will be able to manage it correctly! All that remains is to wish you good health. And approach life with optimism, then there will be harmony in your life.

About the profession

Specialists deal with money management. Their tasks include the development of commercial projects, feasibility studies of investments, and risk assessment.

The most common and in demand profession is in the banking sector. It is necessary to assess the borrower’s solvency, allocate resources, and predict performance. The financier's job responsibilities include managing and monitoring commercial activities.

A career begins with obtaining an education at a higher or secondary specialized educational institution. In it, basic disciplines are mastered and the necessary knowledge and skills are obtained for further activities. Graduates can work in the Ministry of Finance, in private and public enterprises. Working in leadership positions involves great responsibility, but the work is highly paid.

What qualities are required for a financier?

As for education, of course, a financier must have a university diploma in a specialized specialty. First of all, this could be banking or finance and credit. However, as practice shows, many financiers are talented self-taught people who naturally have good financial intuition. In addition, the financier must have certain abilities in mathematics, he must have the desire to achieve his goal. And, of course, a financier cannot do without such qualities as resistance to stress, efficiency, and perseverance. One of the most important qualities of a financier is an analytical mind and the ability to draw the right conclusions, correcting mistakes in a timely manner, both his own and those who work next to him.

And further. It is impossible to become a financier without the ability to make business contacts and connections. A financier needs communication skills and the ability to gain the trust of people, especially in business and business circles. It is there that a specialist in this profession can obtain the information he needs, which he then applies in his work.

It must be said that a good financier is of great value to the company and, as a rule, his work is valued quite highly. However, this profession also has certain disadvantages. The main one is that, despite the demand for specialists, during times of crisis and an unstable economic situation in the country, it can be quite difficult for a financier to get a job in his specialty. Well, really, the main concern of a financier is to properly manage the company’s free funds, and if these free funds are absent, and the company can barely make ends meet, then he has no work for the financier.

On the other hand, the range of companies that need financiers is quite wide and does not depend on the direction of their activity. Therefore, with some effort, you can always find a job. Moreover, there is every reason to believe that the prospects for this specialty will only grow in the future.

This holiday in other countries

In Belarus, on the first Sunday of January, the Day of Banking and Financial Workers is celebrated.

In Kazakhstan, November 12 marks the Day of the National Currency – the Tenge, a professional holiday for employees of the financial system of the Republic of Kazakhstan.

In Kyrgyzstan, on the last Sunday of November, the Day of Financial and Economic Workers of the Kyrgyz Republic is celebrated.

In Serbia, November 8 is Financial Service Day.

In Ukraine, October 29 is celebrated as Military Financier Day.

Who celebrates

Financier's Day is a professional holiday that is celebrated every year by people related to finance and economics.

The famous British philosopher wrote that the wallet can be considered the core of the human soul. A cynical statement based on common sense. The character and actions of people of the 21st century are based on their material condition. Today's society is obsessed with calculating its income and fixed expenses. Society is accustomed to shifting all the nuances of an economic nature to “certain” people.

Financial professionals are people who are called upon to manage money. The situation of the national economy primarily depends on them. These educated and smart specialists are always in demand and respected. They help people every day to understand any economic issues.