The National Bank of the Republic of North Macedonia (Macedonian: Народна банка на Република Северна Македонија, romanized: Narodna Banka na Republika Severna Makedonija, NBRM, Albanian: Banka kombëtare e Maqedonisë së Veriut, BKMV) is the central bank of North Macedonia, located in the capital city, Skopje.
Headquarters | Skopje |
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Established | 1991 |
Chairman | Anita Angelovska-Bezhoska |
Central bank of | North Macedonia |
Currency | Macedonian denar MKD (ISO 4217) |
Bank rate | 3.50% |
Website | http://www.nbrm.mk |
The current Governor of the NBRM is Anita Angelovska-Bezhoska, since May 22, 2018. The NBRM was formerly known as The National Bank of the Republic of Macedonia, until 2019 when the country was renamed.
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.