Updated

Georgy Matyukhin, who served as the first head of Russia's Central Bank during the turbulent period following the collapse of the Soviet Union, has died at the age of 91, according to The Moscow Times. He led the institution through a chaotic era of economic and political transition in the early 1990s. Matyukhin's tenure coincided with hyperinflation and the disintegration of the Soviet financial system, making him a notable figure in Russia's post-Soviet economic history. His death drew attention as a reminder of the formative years of the modern Russian state.