National Bank of Georgia (country)


National Bank of Georgia (country)
National Bank of Georgia (country)
The National Bank of Georgia
The National Bank of Georgia
Headquarters Leonidze St. Tbilisi. Georgia
Established 1919
Governor Giorgi Kadagidze
Central bank of Georgia
Currency GEL
Website http://www.nbg.gov.ge


The National Bank of Georgia is the central bank of Georgia. Its status is defined by the Constitution of Georgia.[1]

Georgia's first central bank was established in 1919. In its current form the National Bank of Georgia has existed since 1991. According to the Constitution of Georgia, the National Bank is independent of state control, and is tasked with ensuring price stability.[1]

Contents

Council of the National Bank of Georgia

The supreme body of the National Bank is its Council composed of seven members. The Chairman of the Council is the President of the National Bank. The Council, in addition to the Chairman, is composed of two Vice Presidents and other members. Members of the NBG Council are elected for the seven-year term by the Parliament, by the majority of the total number of its members, upon the nomination of the President of Georgia.[1]

Board Members:

  • Giorgi Kadagidze – The Governor of NBG
  • Archil Mestvirishvili – The Vice-Governor of NBG
  • Otar Nadaraia - The Vice-Governor of NBG
  • Lasha Jugeli
  • Simon Gelashvili
  • Mikheil Tokmazishvili
  • Temur Shengelia

Constitution of Georgia

Article 95

  • 1.The National Bank of Georgia shall ensure the functioning of the monetary system of Georgia to provide the price stability and supports the financial sector’s efficient functioning
  • 2.The National Bank is the bank of all banks, and the banker and fiscal agent of the Georgian Government.
  • 3.The National Bank shall be independent in its activities. Its rights and obligations, procedures of activities, as well as guarantee of its independence shall be determined under the Organic law.
  • 4.The name and unit of money shall be determined by law. The National Bank shall have the sole right to issue money.[1]

Article 96

  • 1.The highest body of the National Bank of Georgia is the Council of the National Bank, whose members shall be approved by the Parliament, by the majority of the total number of deputies upon the nomination of the President, for the period of seven years. The members of the Council may be dismissed only upon the decision of the Parliament, in accord with Article 64 of this Constitution.
  • 2.The President of the National Bank shall be appointed from the Council members, and relieved of his/her duties by the President of Georgia, upon the nomination of the Council of the National Bank.
  • 3.The National Bank shall be accountable to the Parliament and submit a report on its activities on the annual basis.[1]



References

External links


Wikimedia Foundation. 2010.

Look at other dictionaries:

  • The National Bank of Georgia — may refer to: The National Bank of Georgia (U.S.), a commercial bank located in Athens, Georgia The National Bank of Georgia (country), the central bank of the country of Georgia This disambiguation page lists articles associated with the same… …   Wikipedia

  • National Bank of Ukraine — Національний банк України National Bank of Ukraine building …   Wikipedia

  • National Bank of Ethiopia — የኢትዮጵያ ብሔራዊ ባንክ Headquarters Addis Ababa, Ethiopia Established February 15, 1906 Chairman Newaye Christos Gebreab Central bank of Ethiopia Currency Ethiopian birr …   Wikipedia

  • Georgia (country) — Georgia[1] საქართველო Sakartvelo …   Wikipedia

  • National Bank of Cambodia — Coordinates: 11°34′15.71″N 104°55′26.65″E / 11.5710306°N 104.9240694°E / 11.5710306; 104.9240694 …   Wikipedia

  • National Archives of Georgia — The National Archives of Georgia is the legal entity of public law under the Ministry of Justice of Georgia. The National Archives holds written documents, film documents, photos, audio records, totally more than five million exhibits. The… …   Wikipedia

  • Outline of Georgia (country) — …   Wikipedia

  • List of banks in Georgia (country) — Central Bank= National Bank of Georgia [http://www.nbg.gov.ge] Commercial Banks*Republic Bank [http://www.republic.ge] *Taoprivatbank [http://www.taobank.ge] *Agroinvestbank [http://www.agroinvestbank.ge] *First British Bank… …   Wikipedia

  • Bulgarian National Bank — This article is about the bank. For the computer game, see BnB. Bulgarian National Bank Българска народна банка (Bulgarian) Balgarska narodna banka …   Wikipedia

  • Croatian National Bank — Hrvatska narodna banka Building of the Croatian National Bank …   Wikipedia


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.