National Bank of Georgia

National Bank of Georgia
საქართველოს ეროვნული ბანკი
National Bank of Georgia
National Bank of Georgia
Headquarters1, Zviad Gamsakhurdia Named Right Bank, Tbilisi, Georgia
EstablishedDecember 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]
Ownership100% state ownership[2]
Governing bodyBoard of the Bank
GovernorNatia Turnava (acting)
Central bank ofGeorgia
CurrencyGeorgian lari
GEL (ISO 4217)
Reserves4 116 million USD
Bank rate7.5%[3]
Websitewww.nbg.gov.ge

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]

  1. ^ Cite error: The named reference history was invoked but never defined (see the help page).
  2. ^ Weidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek.
  3. ^ "Committee decisions". National Bank of Georgia. Retrieved 11 October 2019.
  4. ^ a b "საქართველოს პარლამენტი". parliament.ge.