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National Bank of the Republic of Macedonia

 

National Bank of the Republic of Macedonia

National Bank of the Republic of Macedonia
Народна Банка на Република Македонија
Logo
Logo
Headquarters
Headquarters
Headquarters Skopje
Established 1991
Chairman Dimitar Bogov
Central bank of Republic of Macedonia
Currency Macedonian denar
MKD (ISO 4217)
Bank rate 3.50%
Website http://www.nbrm.mk

The National Bank of the Republic of Macedonia (Macedonian: Народна банка на Република Македонија, Narodna Banka na Republika Makedonija, NBRM) is the central bank of the Republic of Macedonia, located in the capital city, Skopje.

The current Governor of the NBRM is Dimitar Bogov, since May 21, 2011.

Functions

The NBRM performs the following functions:

  • establish and conduct monetary policy;
  • regulate liquidity in the international payments;
  • establish and conduct the Denar;
  • handle and manage foreign exchange reserves;
  • regulate the payment system;
  • grant founding and operating license to a bank and a savings house and supervise the banks and savings houses;
  • grant a licence for performing services of prompt money transfer and supervise the operations of the entities performing services of prompt money transfer in accordance with a law;
  • grant operating licenses to foreign exchange bureaus and supervise their operations in accordance with the law;
  • issue banknotes and coins;
  • perform activities for the account of the central government and the government administration bodies.

See also

External links

  • (Macedonian) (English) National Bank of the Republic of Macedonia official site, www.nbrm.mk

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