The financial system of the Republic of Tatarstan dates back to 1920.
According to the Decree of the All-Russian Central Executive Committee "On the Tatar Autonomous Soviet Socialist Republic" to manage the affairs of the Autonomous Republic, 10 national commissioners were approved on May 27, 1920. The decision to establish the Commissioner of Finance of the Republic (Tatnarkomfin) was adopted on the same day, which was due to the paramount importance of money, finance and other cost categories in the national economy of the young republic.