National Bank of Georgia
| Headquarters | Public Service Hall |
|---|---|
| Established | 1919 |
| Governor | Koba Gvenetadze |
| Central bank of | Georgia |
| Currency | GEL |
| Website | www |
National Bank of Georgia (Georgian: საქართველოს ეროვნული ბანკი) is the central bank of Georgia. Its status is defined by the Constitution of Georgia.
Georgia's first central bank was established in 1919. In its current form the bank has existed since 1991. According to the Constitution of Georgia, it is independent of state control, and is tasked with ensuring price stability.
The supreme body of the National Bank is its Council composed of seven members. The Chairman of the Council is the President of the National Bank. The Council, in addition to the Chairman, is composed of two Vice Presidents and other members. Members of the NBG Council are elected for the seven-year term by the Parliament of Georgia, by the majority of the total number of its members, upon the nomination of the President of Georgia.
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