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Logo of the National Bank of the Republic of Macedonia
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 Petar Goshev, since May 21st, 2004.
The NBRM performs the following functions:
- establish and conduct the monetary policy;
- regulate the liquidity in the international payments;
- establish and conduct the Denar;
- handle and manage the 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 license 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 license to foreign exchange bureaus and supervise their operations in accordance with a law;
- issue banknotes and coins;
- perform activities for the account of the central government and the government administration bodies.
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