National Bank of Romania
The National Bank of Romania is the central bank of Romania. NBR is an independent public institution, with its headquarters in Bucharest.
Starting with 1 January 2007, when Romania had joined the European Union, NBR became part of the European System of Central Banks (ESCB), and the NBR’s Governor, member of General Council of the European Central Bank (ECB).
The main tasks of the National Bank of Romania are the following:
- to design and implement the monetary policy and the exchange rate policy;
- to conduct the authorization, regulation and prudential supervision of credit institutions, and to promote and oversee the smooth operation of the payment systems with a view to ensuring financial stability;
- to issue banknotes and coins as legal tender to be used on the territory of Romania;
- to set the exchange rate regime and to oversee its observance;
- to manage the international reserves of Romania.
A brief history of NBR
The National Bank of Romania was founded on 17 April 1880, being the 16th central bank in the world from a historical perspective.
Ion I. Câmpineanu was designated as the first governor of the National Bank of Romania, but the undisputed founder of the central bank was Eugeniu Carada.
The NBR has its headquarters in 25 Lipscani Street, an architectural landmark erected during 1882 – 1889 and in 8 Doamnei Street, a neoclassical style building whose construction works began during 1938 – 1950. The NBR carries on its activity in Chrissoveloni Palace as well, which is located nearby, at 8 Lipscani Street.