National Bank of Georgia
Central Bank of Georgia / From Wikipedia, the free encyclopedia
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The National Bank of Georgia (Georgian: საქართველოს ეროვნული ბანკი, Sakartvelos Erovnuli Bank’i) is the central bank of Georgia. Its status is defined by the Constitution of Georgia. According to the Constitution of Georgia, it is independent of state control, and is tasked with ensuring price stability.[4] 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 of Georgia, by the majority of the total number of its members, upon the nomination of the President of Georgia.[4]
Headquarters | 1, Zviad Gamsakhurdia Named Right Bank, Tbilisi, Georgia |
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Established | December 31, 1919; 104 years ago (1919-12-31) (as State Bank of the DRG) 1991; 33 years ago (1991) (as National Bank of Georgia)[1] |
Ownership | 100% state ownership[2] |
Governing body | Board of the Bank |
Governor | Natia Turnava (acting) |
Central bank of | Georgia |
Currency | Georgian lari GEL (ISO 4217) |
Reserves | 4 116 million USD |
Bank rate | 7.5%[3] |
Website | www |