Established 1992 Headquarters Minsk Currency Belarusian ruble | Chairman Pavel Kalaur Founded 1992 Central bank of Belarus | |
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Ifc national bank of the republic of belarus provides local currency loans to belarusian companies
The National Bank of the Republic of Belarus (Belarusian: Нацыянальны банк Рэспублікі Беларусь, Russian: Национальный банк Республики Беларусь) is the central bank of Belarus, located in the capital city, Minsk. The bank was created in 1922 under the name of "Belarusian Republican Bank" by the Soviet of People's Commissars of Beylorussia, 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 from the Soviet Union.
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Legal Framework
The bank's activities are regulated in the Banking code enacted in October 25, 2000. Article 25 of the Banking Code, provides that one of the main functions of the NBRB is to ensure efficient, reliable and safe functioning of the interbank settlement system, and prescribes procedures for cash and non-cash settlements in the Republic of Belarus.
Financial Inclusion
The National Bank of the Republic of Belarus is engaged in developing policies to promote financial inclusion 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 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.