National Bank of the Republic of Abkhazia

National Bank of the Republic of Abkhazia
Аҧсны Аҳәынҭқарра Амилаҭтә Банк (Abkhaz)
Национальный банк Республики Абхазия (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: Аҧсны Аҳәынҭқарра Амилаҭтә Банк, Russian: Национальный банк Республики Абхазия), also known by the short form of Bank of Abkhazia (Russian: Банк Абхазии) is the central bank of the Republic of Abkhazia. It was established on February 28, 1991 since the adoption of the laws “On the National Bank of the Abkhaz SSR” and “On Banks and Banking of the Abkhaz SSR” 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.

1 Primary actions of the Bank
2 Declared functions of the Bank
3 See also
4 References
5 External links

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 Abkhazia’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

To develop and conduct, in cooperation with the Government of the Republic of Abkhazia, the state's monetary policy.
To implement emissions of cash and arrange for their treatment.
As creditor of last resort for credit institutions and organize a system of refinancing.
To establish rules of settlement in the Republic of Abkhazia.
To establish rules for banking, accounting and reporting for the banking system.
To implement state registration of credit organisations.
To grant and revoke licenses of credit institutions and organisations involved in their audit.
To supervise and monitor the activities of credit organisations.
To register and issue securities to lending organisations, in accordance with the law.
To exercise, alone or at the invitation of the Government of the Republic of Abkhazia, varied banking operations needed to meet the major challenges of the Bank of Abkhazia.
To implement currency regulation, including operations on the buying and selling of foreign currency, by determining the order of settlement with foreign countries.
To organise and implement exchange controls, in accordance with the laws of the Republic of Abkhazia.
To organise and carry out measures to prevent the legalization (laundering) of proceeds from crime and terrorism financing.
To participate in the development of the balance of payments forecast of the Republic of Abkhazia, and organize the balance of payments by the Republic of Abkhazia.
To conduct, analyze and forecast the economy of the Republic of Abkhazia, especially in the monetary and financial fields, and publish relevant material and statistical data.

References

^ Wilson, Tamsin (March 23, 2005), Assessment of Opportunities for Developing a Microfinance Project in Abkhazia, p. 5. United Nations Development Programme Georgia. Retrieved on April 16, 2008.

External links

(Abkhaz) National Bank of Abkhazia official site in Abkhazian
(Russian) National Bank of Abkhazia official site in Russian
(English) National Bank of Abkhazia official site in English

Central banks

Global

Global	Bank for International Settlements · Basel Committee on Banking Supervision · Financial Stability Board

By continent

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Americas	Central Bank of Argentina · Central Bank of Aruba · Central Bank of The Bahamas · Central Bank of Barbados · Central Bank of Brazil · Bank of Canada · Central Bank of Chile · Bank of the Republic (Colombia) · Central Bank of Cuba · Central Bank of Curaçao and Sint Maarten · Eastern Caribbean Central Bank · Bank of the Republic of Haiti · Central Bank of Honduras · Bank of Jamaica · Bank of Mexico · Central Bank of Nicaragua · Central Reserve Bank of Peru · Central Bank of Suriname · Central Bank of Trinidad and Tobago · Federal Reserve System (United States) · Central Bank of Venezuela

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Europe	European Central Bank (Eurosystem) · National Bank of the Republic of Abkhazia · Bank of Albania · Central Bank of Armenia · Central Bank of Azerbaijan · National Bank of the Republic of Belarus · Central Bank of Bosnia and Herzegovina · Bulgarian National Bank · Croatian National Bank · Czech National Bank · Danmarks Nationalbank · Bank of England · National Bank of Georgia · Hungarian National Bank · Central Bank of Iceland · Central Bank of Kosovo · National Bank of Latvia · Bank of Lithuania · National Bank of the Republic of Macedonia · National Bank of Moldova · Central Bank of Montenegro · Norges Bank · Central Bank of the Turkish Republic of Northern Cyprus · National Bank of Poland · National Bank of Romania · Central Bank of Russia · National Bank of Serbia · Sveriges Riksbank · Swiss National Bank · Central Bank of the Republic of Turkey · National Bank of Ukraine

Oceania	Reserve Bank of Australia · Reserve Bank of Fiji · Reserve Bank of New Zealand · Bank of Papua New Guinea · Central Bank of Samoa · Central Bank of Solomon Islands · National Reserve Bank of Tonga

Policies and implementation

Policies	Capital requirement · Contractionary monetary policy · Expansionary monetary policy

Implementation	Capital control · Discount rate · Interest rates · Money creation · Open market operations · Sovereign wealth fund

Bretton Woods system

International Monetary Fund · World Bank Group (International Bank for Reconstruction and Development · International Centre for Settlement of Investment Disputes · International Development Association · International Finance Corporation · Multilateral Investment Guarantee Agency)

Lists

List of central banks · Central banks and currencies of Africa · Central banks and currencies of the Caribbean · Central banks and currencies of Central America and South America

Names in italics indicate non-sovereign (dependent) territories, former countries, or states with limited recognition

National Bank of the Republic of Abkhazia

Contents

Primary actions of the Bank

Declared functions of the Bank

See also

References

External links