The main purposes of the Bank of Russia under Federal Law No. 86-FZ, dated 10 July 2002, "On the Central Bank of the Russian Federation (Bank of Russia)" are to protect the ruble and ensure its stability, to develop and strengthen the Russian banking system, and to develop and ensure stability of the financial market and the national payment system. To meet these requirements as effectively as possible, the Bank of Russia organises its activity on the basis of medium-term strategic goal-setting.