National Bank Of Georgia

The National Bank of Georgia is the central bank of Georgia. Its status is defined by the Constitution of Georgia. The main objective of the National Bank is to ensure price stability. According to the Constitution of Georgia, the National Bank is independent in its activities. The members of legislative and executive bodies haven't right to intervene in NBG's activities. The rights and obligations of the National Bank of Georgia as a central bank of the country, the principles of its activity and the guarantee of its independence are defined by the Organic Law of Georgia on the National Bank of Georgia. The National Bank of Georgia implements monetary policy according to the main directions of monetary and foreign exchange policy defined by the parliament of Georgia. It holds, keeps and disposes international foreign reserves of the country. Through its regulation and monetary instruments, the National Bank of Georgia is responsible for ensuring the fulfillment of basic functions and objectives assigned to it by legislation. For the purpose of facilitating financial stability and transparency of the financial system, as well as for protecting rights of the sector consumers and investors, the National Bank exercises supervision over the Financial Sector. In addition, the National Bank represents a banker and fiscal agent of the Government. The NBG is the banker and fiscal agent of the government. For more details please, visit http://www.nbg.gov.ge/