National Bank of the Republic of Macedonia
Encyclopedia
Central bank
A central bank, reserve bank, or monetary authority is a public institution that usually issues the currency, regulates the money supply, and controls the interest rates in a country. Central banks often also oversee the commercial banking system of their respective countries...
of the Republic of Macedonia
Republic of Macedonia
Macedonia , officially the Republic of Macedonia , is a country located in the central Balkan peninsula in Southeast Europe. It is one of the successor states of the former Yugoslavia, from which it declared independence in 1991...
, located in the capital city
Capital City
Capital City was a television show produced by Euston Films which focused on the lives of investment bankers in London living and working on the corporate trading floor for the fictional international bank Shane-Longman....
, Skopje
Skopje
Skopje is the capital and largest city of the Republic of Macedonia with about a third of the total population. It is the country's political, cultural, economic, and academic centre...
.
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 DenarMacedonian denarThe denar is the currency of the Republic of Macedonia. It is subdivided into 100 deni . The name denar comes from the name of the ancient Roman monetary unit, the denarius...
; - handle and manage foreign exchange reservesForeign exchange reservesForeign-exchange reserves in a strict sense are 'only' the foreign currency deposits and bonds held by central banks and monetary authorities. However, the term in popular usage commonly includes foreign exchange and gold, Special Drawing Rights and International Monetary Fund reserve positions...
; - 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
- Economy of EuropeEconomy of EuropeThe economy of Europe comprises more than 731 million people in 48 different states. Like other continents, the wealth of Europe's states varies, although the poorest are well above the poorest states of other continents in terms of GDP and living standards. The difference in wealth across...
- Economy of the Republic of MacedoniaEconomy of the Republic of MacedoniaThe breakup of Yugoslavia in 1991 deprived the Economy of the Republic of Macedonia, then its poorest republic , of its key protected markets and large transfer payments from the center...
- List of banks in the Republic of Macedonia
- List of central banks
- Macedonian DenarMacedonian denarThe denar is the currency of the Republic of Macedonia. It is subdivided into 100 deni . The name denar comes from the name of the ancient Roman monetary unit, the denarius...