The National Bank of the Republic of Belarus (NBRB; be, Нацыянальны банк Рэспублікі Беларусь; rus, Национальный банк Республики Беларусь) is the

central bank A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central b ...

Belarus Belarus,, , ; alternatively and formerly known as Byelorussia (from Russian ). officially the Republic of Belarus,; rus, Республика Беларусь, Respublika Belarus. is a landlocked country in Eastern Europe. It is bordered by ...

, located in

Minsk Minsk ( be, Мінск ; russian: Минск) is the capital and the largest city of Belarus, located on the Svislach and the now subterranean Niamiha rivers. As the capital, Minsk has a special administrative status in Belarus and is the admi ...

. The bank was created in 1922 under the name of "Belarusian Republican Bank" by the Soviet of People's Commissars of Byelorussia, but soon worked under the direction of the State Bank of the USSR. Undergoing reorganizations in 1959 and 1987, the bank appeared in its current form in 1990 after the passage of banking rules upon declaring

independence Independence is a condition of a person, nation, country, or state in which residents and population, or some portion thereof, exercise self-government, and usually sovereignty, over its territory. The opposite of independence is the statu ...

from the

Soviet Union The Soviet Union,. officially the Union of Soviet Socialist Republics. (USSR),. was a List of former transcontinental countries#Since 1700, transcontinental country that spanned much of Eurasia from 1922 to 1991. A flagship communist state, ...

History

By the decree of the Council of People's Commissars of the BSSR of December 3, 1921, the Byelorussian office of the State Bank of the RSFSR was established under the People's Commissariat of Finance of the Byelorussian SSR. The office began its activity on January 3, 1922. A year later, immediately after the establishment of the State Bank of the USSR, the bank became part of the banking system of the USSR. The bank was reorganized in 1959 and 1987. The history of the independent existence of the banking system of Belarus and the National Bank began with the country's acquisition of sovereignty after the collapse of the Soviet Union. In December 1990, the

BSSR The Byelorussian Soviet Socialist Republic (BSSR, or Byelorussian SSR; be, Беларуская Савецкая Сацыялістычная Рэспубліка, Bielaruskaja Savieckaja Sacyjalistyčnaja Respublika; russian: Белор� ...

adopted the Laws "On Banks and Banking Activities in the Byelorussian SSR", which entered into force on January 1, 1991. All bank institutions on the territory of Belarus were declared its property, and the National Bank was created on the basis of the Belarusian Republican Bank of the State Bank of the USSR. On April 1, 1991, the formation of the National Bank was completed.Информация о банке НБ РБ
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Legal Framework

National Bank is accountable to the

President of the Republic of Belarus The president of the Republic of Belarus ( be, Прэзідэнт Рэспублікі Беларусь; russian: Президент Республики Беларусь) is the head of state and head of government of Belarus. The office was cre ...

Financial inclusion

The National Bank of the Republic of Belarus is developing policies to promote

financial inclusion Financial inclusion is defined as the availability and equality of opportunities to access financial services. It refers to a process by which individuals and businesses can access appropriate, affordable, and timely financial products and service ...

and is a member of the Alliance for Financial Inclusion. The institution made a Maya Declaration Commitment on 3 May 2013 where it outlined a quantifiable commitment to increase the number of adults with bank accounts from its current level of 70 percent to 85 percent by 2015. Additionally, the bank said it will seek to strengthen financial literacy efforts through specific activities set to be implemented under the Joint Action Plan of Government Agencies and Financial Markets Participants on Improving Financial Literacy of the Population of the Republic of Belarus for 2013–2018. NBRB

Chairmen of the National Bank

Nikolai Omelyanovich Nikolai or Nikolay is an East Slavic variant of the masculine name Nicholas. It may refer to: People Royalty * Nicholas I of Russia (1796–1855), or Nikolay I, Emperor of Russia from 1825 until 1855 * Nicholas II of Russia (1868–1918), or Niko ...

(in Belarusian: ''Mikalai Amelyanovich''; 1986, as Belkontora of Gosbank1991) * Stanislav Bogdankevich (in Belarusian: ''Stanislau Bahdankev'; 19911995) * Tamara Vinnikova (in Belarusian: ''Tamara Vinnikava''; 19961997) *

Gennady Aleynikov Gennady ( rus, Геннадий, p=ɡʲɪˈnadʲɪj), also spelled Gennadi or Gennadiy, is a Russian male name. They are derived from the Greek given name Gennadius. People * Gennady Gladkov, Soviet and Russian composer *Gennady Golovkin, Kazakh ...

(in Belarusian: ''Hyenadz' Aleynikau''; 19971998) * Pyotr Prokopovich (in Belarusian: '' Pyotr Prakapovich''; 19982011) *

Nadezhda Yermakova Nadezhda may refer to: *Nadezhda (given name), people with the given name ''Nadezhda'' *Nadezhda (satellite), a series of Russian navigation satellites, of which one was launched in 1998 *2071 Nadezhda, an asteroid *Nadezhda (cockroach), the first ...

(in Belarusian: ''Nadzeya Yermakova''; 20112014) * Pavel Uladzimiravich Kalaur ( be, Павел Уладзіміравіч Калаур), or Pavel Vladimirovich Kallaur (russian: Павел Владимирович Каллаур (from 2014)

References

External links

Website (Belarusian)Website (English)

Belarus makes Maya Declaration Commitment
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