The National Bank of the Azerbaijan Republic is the central bank of the Azerbaijan Republic. Its status, basic functions and duties, organization and principles of activity have been determined by the Constitution of the Azerbaijan Republic, Law of the Azerbaijan Republic On the National Bank of the Azerbaijan Republic and other legislative acts.
As the central bank of the Republic of Poland, the National Bank of Poland shall take actions seeking monetary stability and stability of the financial system, aiming to create the foundations of long-term economic growth.
The NBP's tasks and shape of the banking system are as specified in Art. 227 of the Constitution of the RP and by the Act on the National Bank of Poland and the Banking Act, passed by Parliament (the Sejm) on 29 August 1997.
The basic objective of NBP activity shall be to maintain price stability. In the Monetary Policy Guidelines for the Year 2003, the Monetary Policy Council set the inflation target for the end of 2003 at the level 3% +/- 1 percentage point. Thus, the strategic target to lower the inflation rate to the level below 4% by the end of 2003, which was accepted in the Medium-Term Monetary Policy Strategy for the Years 1999-2003, has been specified. Setting the target at the level 3% with the fluctuation range +/- 1 percentage point means leaving the phase of inflation lowering and switching into the phase of stabilizing the inflation at a low level.
Within tasks performed in the name of the stability of the domestic financial system, the NBP shall participate in exercising banking supervision, taking actions as regards payment systems and promoting development of a secure infrastructure for the financial market. Factors favourable to the performing of those tasks include, inter alia: the monitoring and reviewing of the situation on the financial markets and the economic situation as well as close cooperation with institutions supervising the other segments of the financial market.
Educational projects are an important element of NBP activity. They aim at propagating knowledge of the economy and financial markets among the public. By organising and initiating scientific research, the NBP shall contribute to the growth of economic awareness in society and to an improvement in the level of economic knowledge of the State authorities and the financial sector.
While performing all its functions the National Bank of Poland shall consider its customers' expectations and needs very important. To this end it shall implement modern standards of customer service, in this way raising the quality of provided services.
The NATIONAL BANK OF ROMANIA (NBR), the country's central bank, is the sole issuer of notes and coins to be used as legal tender on the territory of Romania.
The domestic currency unit is the leu, with its fractional coin, the ban.
Pursuant to the NBR Act (Law No. 101/1998), the NBR's key objective is to ensure the stability of domestic currency with a view to maintaining price stability. To this end, the NBR formulates, implements and is responsible for monetary, foreign exchange, credit, and payments policies, as well as for bank licensing and prudential supervision within the general framework of economic policy in Romania.
The NBR (established 1880) has assumed and performed its role and prerogatives with competence, responsibility and determination, becoming one of the pillars of today's Romania.
At present, the NBR is a modern, independent central bank resembling those in advanced market economies.
By law, the National Bank is solely accountable to the Parliament of Romania and is on no account subordinated to the Government; its relationship with the latter is co-operation on a regular basis.
The NBR is headed by the Board of Directors appointed by the Parliament of Romania on the recommendation of the standing committees of the two Chambers of the Parliament. Board members are appointed for a six-year tenure that can be subject to renewal.
The main responsibilities of the Board are to decide on the policies in the monetary, foreign exchange, credit and payments areas and to establish measures in the field of bank licensing and prudential supervision with a view to ensuring stability of the banking system.
Territorial network of the NBR includes 22 branches.
In its capacity as the monetary authority of Romania, the NBR performs three basic functions:
banker to banks (currency issue and refinancing), banker to the state (the Ministry of Public Finance accountholder), manager of the country's foreign reserves (gold and foreign currency).
The central bank may extend loans to the government to bridge the temporary gap of the General Account of Treasury, under restrictive and strictly specified terms. Central Banker of the Year (2001)
Status, tasks, functions, organization and activity principles of the National Bank of the Kyrgyz Republic were legally set by the Constitution of the Kyrgyz Republic and the Law of the Kyrgyz Republic "On the National Bank of the Kyrgyz Republic" of July 29, 1997.
The main activity goal of the National Bank of the Kyrgyz Republic is achievement and support in the price stability by means of relevant monetary policy.
The main objective that contributes to achieve the bank activity goals is to support the purchasing power of the national currency, ensuring of security and reliability of the banking and payment system of the republic (Article 3, Law of the Kyrgyz Republic "On the National Bank of the Kyrgyz Republic").
In order to carry out its own problems the National Bank of the Kyrgyz Republic organizes and carries out its activity independently of the state run public authorities.
The National Bank of the Kyrgyz Republic carries out such functions as:
1)development, determination and conducting of the monetary policy in the Kyrgyz Republic;
2)implementation of adjustment and supervision of activities of banks, financial-credit institutions licensed by the National Bank of the Kyrgyz Republic;
3)working out and implementation of unified exchange rate policy;
4)possession of an exclusive right to issue bank notes;
5)promotion of effective functioning of the payment system;
6)establishment of rules to conduct the banking transactions, accounting and reporting for the banking system.
General Provisions 1. The National Bank of the Republic of Belarus (hereinafter referred to as the "National Bank") is the central bank of the Republic of Belarus operating exclusively in the interests of the Republic of Belarus.
2. In performing its activities, the National Bank shall be guided by the Constitution of the Republic of Belarus, the Banking Code of the Republic of Belarus , laws of the Republic of Belarus, regulatory legal acts of the President of the Republic of Belarus, and this Statute and shall be independent in its activities.
3. The National Bank shall be accountable to the President of the Republic of Belarus.
4. The main objectives of the National Bank shall be:
protecting the Belarusian ruble and ensuring its stability, including its purchasing power and the rate of exchange relative to foreign currencies; developing and strengthening the banking system of the Republic of Belarus; and ensuring efficient, reliable and secure functioning of the payment system. 5. Gaining profit shall not be the main objective of the National Bank.
Postal address 20, F. Skorina Ave., 220008 Minsk, Belarus Working time 8.30 - 17.30h GMT+2, Monday - Friday Telephone +375 17 2192303, 2192374; 2192242 (Foreign Economic Activities Directorate) +375 17 2223621 (Correspondent Banking) Telefax +375 17 2274879, 2275094 Telex 252449 BELAR BY S.W.I.F.T. NBRB BY2X Reuters NBRB
The Bank of Mozambique was created on May 17, 1975, through the Decree nr. 2/75, to be the Central Bank and the Issuing Bank. It had worked as a Commercial Bank as well.
As a result of introduction of overall economic reform in the country, the Bank of Mozambique, has exclusively, been acting as Central Bank since approval of the law n? 1/92 of January 03.
The main objective of the Bank of Mozambique is to guarantee the value National Currency.
As a Central Bank, the Bank of Mozambique, is the advisor and consultant of the Goverment in monetary and financial issues, manager of the monetary policy, banker of the State and of the Institutions of Credit, manager of foreign reserves, supervisor of the financial sector, exchange authority, representative of the Goverment in international monetary relationships.
The head-quarters of the Bank of Mozambique is in Maputo and has regional branches in Beira and Nampula cities.
