National Bank of the Republic of Abkhazia

National Bank of the Republic of Abkhazia
ะางัะฝั‹ ะาณำ™ั‹ะฝาญา›ะฐั€ั€ะฐ ะะผะธะปะฐาญั‚ำ™ ะ‘ะฐะฝะบ (Abkhaz)
ะะฐั†ะธะพะฝะฐะปัŒะฝั‹ะน ะฑะฐะฝะบ ะ ะตัะฟัƒะฑะปะธะบะธ ะะฑั…ะฐะทะธั (Russian)
Official logo Front view of the main office on Leon Street
Headquarters 384900, Leona str. 14, Sukhumi
Established February 28, 1991
Chairman Illarion Argun
Currency Russian ruble, Abkhazian Apsar
ISO 4217 Code RUB
Website (English) http://www.nb-ra.org

The National Bank of the Republic of Abkhazia (The Bank of Abkhazia) (Abkhaz: ะางัะฝั‹ ะาณำ™ั‹ะฝาญา›ะฐั€ั€ะฐ ะะผะธะปะฐาญั‚ำ™ ะ‘ะฐะฝะบ, Russian: ะะฐั†ะธะพะฝะฐะปัŒะฝั‹ะน ะฑะฐะฝะบ ะ ะตัะฟัƒะฑะปะธะบะธ ะะฑั…ะฐะทะธั), also known by the short form of Bank of Abkhazia (Russian: ะ‘ะฐะฝะบ ะะฑั…ะฐะทะธะธ) is the central bank of the Republic of Abkhazia. It was established on February 28, 1991 since the adoption of the laws โ€œOn the National Bank of the Abkhaz SSRโ€ and โ€œOn Banks and Banking of the Abkhaz SSRโ€ passed by the Supreme Soviet of the Abkhaz SSR on February 28, 1991.

The Bank's headquarters are located in a constructivist building on Leon Street in Sukhumi, Abkhazia's capital.

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Primary actions of the Bank

Due to the use of the Russian rouble in Abkhazia, the National Bank of Abkhazia exercises little control over the money supply in Abkhaziaโ€™s economy and has almost no influence on the value of the Russian currency. Its actions are primarily focused on registering commercial banks and making wholesale loans to them.[1]

Declared functions of the Bank

See also

References

External links