What is National Bank of Belarus(NBRB)? National Bank of Belarus(NBRB) Review, Features

The National Bank of Belarus (NBRB) is the central bank and the only government institution in Belarus that operates to protect national interests.

About the National Bank of Belarus (NBRB)

National Bank of the Republic of Belarus (NBRB)

The National Bank of the Republic of Belarus is the central bank of Belarus and is located in the capital, Minsk. The bank was founded in 1922 by the Soviet of People's Commissars of Belarus under the name of "Belarusian Republican Bank".

After that it worked under the guidance of the State Bank of the USSR. After reorganizations in 1959 and 1987, the bank adopted banking rules in 1990 after declaring independence from the Soviet Union and emerged in its current form. The Republic of Belarus, referred to as Belarus.

The National Bank of Belarus is the central bank and the only government institution in Belarus that operates to protect national interests. It is directly responsible to the President of Belarus.

Objectives of the National Bank of Belarus (NBRB)

1. To protect the stability of the Belarusian ruble, including its purchasing power and foreign exchange rate.

2. Maintain the stability of Belarusian banking operations.

3. Ensure an effective, reliable and well-functioning payment system.

Functions

1. Issuing currency

2. Issuance of National Bank Securities

3. Foreign exchange regulation in accordance with Belarusian laws and regulations

4. Authorize banks and non-bank financial institutions to participate in securities trading

5. Monitor securities and protect the confidentiality of information resources of banks and non-bank financial institutions. Supervise the business of banks and non-bank institutions

6. Authorization for banking

7. Monitoring financial stability