Central Banks And Currencies Of Europe
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Central Banks And Currencies Of Europe
This is a list of central banks and currencies of Europe . European Central Bank Non-Eurozone currencies See also *Currency *Economy of Europe *List of banks in Europe *List of currencies in Europe *List of European stock exchanges In the European region, there are multiple stock exchanges among which five are considered major (as having a market cap of over US$1 trillion): *Euronext, which is a pan-European, Dutch-domiciled and France-headquartered stock exchange comp ... {{Central banks, Lists Economy of Europe Currencies of Europe ...
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Europe
Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a Continent#Subcontinents, subcontinent of Eurasia and it is located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere. Comprising the westernmost peninsulas of Eurasia, it shares the continental landmass of Afro-Eurasia with both Africa and Asia. It is bordered by the Arctic Ocean to the north, the Atlantic Ocean to the west, the Mediterranean Sea to the south and Asia to the east. Europe is commonly considered to be Boundaries between the continents of Earth#Asia and Europe, separated from Asia by the drainage divide, watershed of the Ural Mountains, the Ural (river), Ural River, the Caspian Sea, the Greater Caucasus, the Black Sea and the waterways of the Turkish Straits. "Europe" (pp. 68–69); "Asia" (pp. 90–91): "A commonly accepted division between Asia and E ...
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Central Bank Of Montenegro
The Central Bank of Montenegro ('' cnr, Centralna Banka Crne Gore'', or CBCG) is the central bank of Montenegro. Although Montenegro does not issue its own currency after it unilaterally adopted the euro in 2002, the stated mission of the central bank is to establish and maintain a sound banking system and monetary policy. The Central Bank of Montenegro was established by the Parliament of Montenegro in November 2000, when the country was part of a political union of Serbia and Montenegro. With its establishment, the Republic of Montenegro obtained an independent authority responsible for monetary policy, and establishment and maintenance of sound banking system and efficient payment system operations. The Montenegrin monetary system was eurized in 1999, when German Mark was adopted as a legal tender, alongside Yugoslav Dinar. Montenegro has not issued its own currency since, as it has unilaterally adopted the euro in 2002. The Central Bank of Montenegro does not participate i ...
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National Bank Of The Republic Of Belarus
The National Bank of the Republic of Belarus (NBRB; be, Нацыянальны банк Рэспублікі Беларусь; rus, Национальный банк Республики Беларусь) is the central bank of Belarus, located in Minsk. The bank was created in 1922 under the name of "Belarusian Republican Bank" by the Soviet of People's Commissars of Byelorussia, 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. History By the decree of the Council of People's Commissars of the BSSR of December 3, 1921, the Byelorussian office of the State Bank of the RSFSR was established under the People's Commissariat of Finance of the Byelorussian SSR. The office began its activity on January 3, 1922. A year later, immediately after the establishment of the State Bank of the USSR ...
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Belarusian Rubel
The ruble ( be, рубель ''rubeĺ’''; Abbreviation: Rbl (plural: Rbls); ISO code: BYN) is the currency of Belarus. It is also known as the rubel, or in Commonwealth English as the rouble. The ruble is subdivided into 100 copecks (sometimes written as ''kopecks''; be, капейка ''kapeyka''). History First ruble, 1992–2000 As a result of the breakup of the supply chain in the former Soviet enterprises, goods started to be bought and sold in the market, often requiring cash settlement. The Belarusian unit of the USSR State Bank had neither the capacity nor the licence to print Soviet banknotes, so the government decided to introduce its own national currency to ease the cash situation. The German word ''Thaler'' ( be, талер), divided into 100 ''Groschen'' ( be, грош) was suggested as the name for a Belarusian currency, but the Communist majority in the Supreme Soviet of Belarus rejected the proposal and stuck to the word ''ruble'' that had been used in Be ...
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Central Bank Of Azerbaijan
The Central Bank of Azerbaijan (CBA, az, Azərbaycan Mərkəzi Bankı) is the central bank of Azerbaijan Republic. The headquarters of the bank is located in the capital city Baku. The National Bank of the Republic of Azerbaijan was established by Decree of President of the Republic of Azerbaijan on Establishment of the National Bank of the Republic of Azerbaijan dated 11 February 1992. The National Bank of the Republic of Azerbaijan was renamed to “The Central Bank of the Republic of Azerbaijan” upon enactment of the Referendum Act of the Republic of Azerbaijan on “Making additions and amendments to the Constitution of the Republic of Azerbaijan” dated 18 March 2009. The status, goals, functions and authorities, as well as management and organizational structure of the Central Bank of the Republic of Azerbaijan, relations with public authorities and other persons as the central bank of the state, are determined by the Law of the Republic of Azerbaijan “On the Centra ...
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Azerbaijani Manat
The manat ( ISO code: AZN; sign: ₼; abbreviation: m) is the currency of Azerbaijan. It is subdivided into 100 ''gapiks''. The first iteration of the currency happened in the times of the Azerbaijan Democratic Republic and its successor, the Azerbaijan Soviet Socialist Republic, with the issues happening in 1919–1923. The currency underwent hyperinflation, and was eventually substituted by the Transcaucasian rouble, which, in its turn, was converted to the Soviet ruble. In Soviet times, the common currency of the USSR was known as manat in the Azeri language. When Azerbaijan gained independence from the Soviet Union, it substituted the Soviet ruble with the manat, which also went through a period of high inflation in the first years, rendering the coinage obsolete. The current manat in circulation exists since the denomination in 2006, when 5,000 old manat (AZM) were substituted with the new currency. The currency has mostly been pegged to the US dollar, at what is now the ra ...
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Central Bank Of Armenia
The Central Bank of Armenia ( hy, Հայաստանի Կենտրոնական Բանկ, translit=Hayastani Kentronakan Bank) is the central bank of Armenia with its headquarters in Yerevan. The CBA is an independent institution responsible for issuing all banknotes and coins in the country, overseeing and regulating the banking sector and keeping the government's currency reserves. The CBA is also the sole owner of the Armenian Mint. The bank is engaged in policies to promote financial inclusion and is a member of the Alliance for Financial Inclusion. On July 3, 2012 the Central Bank of Armenia announced it would be making specific commitments to financial inclusion under the Maya Declaration. On September 28, 2012 at thGlobal Policy Forum 2012 the bank madan additional commitmentunder the Maya Declaration to encourage the roll out of private sector products that respond to the needs of the poor, with an emphasis on innovative channels like mobile and electronic money. And to als ...
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Armenian Dram
The dram ( hy, դրամ; sign: ֏; abbreviation: դր.; ISO code: AMD) is the currency of Armenia, and is also used in the neighboring unrecognized Republic of Artsakh. It was historically subdivided into 100 luma (). The Central Bank of Armenia is responsible for issuance and circulation of dram banknotes and coins, as well as implementing the monetary policy of Armenia. The word "dram" translates into English as "money" and is cognate with the Greek drachma and the Arabic dirham, as well as the English weight unit dram. The first instance of a dram currency was in the period from 1199 to 1375, when silver coins called dram were issued. History On 21 September 1991, a national referendum proclaimed Armenia as a republic independent from the Soviet Union. The Central Bank of Armenia, established on 27 March 1993, was given the exclusive right of issuing the national currency. In the immediate aftermath of the collapse of the Soviet Union attempts were made to maintain a c ...
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Bank Of Albania
The Bank of Albania ( sq, Banka e Shqipërisë) is the central bank of Albania. Its main headquarters are in Tirana, and the bank also has five other branches located in Shkodër, Elbasan, Gjirokastër, Korçë, and Lushnjë, while its Research and Training Center is located in Berat. History In the first few years following Albania's declaration of independence on 28 December 1912, the fledgling country lacked a central bank. Under Ismail Qemali's leadership a first central bank was created on 4 October 1913 but it only lasted a few months. In the early 1920s, foreign currency was used for all transactions, generating considerable chaos, and in 1923 municipalities were allowed to issue their own banknotes. One project floated by the League of Nations envisaged a central bank for Albania as a cooperative venture co-sponsored by various European governments, with Albania itself owning only 10 percent of its share capital. The consolidation of the Albanian national government e ...
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Albanian Lek
The lek (; indefinite singular ''lek'', definite plural ''lekët'', indefinite plural ''lekë''; sign: Lekë in Albanian or Lek in English, sometimes L; code: ALL) is the currency of Albania. Historically, it was subdivided 100 ''qintars'' (; singular ''qindarkë''). History The lek was introduced as the first Albanian currency in February 1926. Before then, Albania was a country without a currency, adhering to a gold standard for the fixation of commercial values. Before the First World War the Ottoman Turkish piastre was in full circulation, but following the military occupation of the country by various continental powers the gold franc (Franc Germinal) was adopted as the monetary unit. In 1923 Italian paper circulated at Shkodër, Durrës, Vlorë, and Gjirokastër, and the Greek drachma at Korçë, the values of which varied according to locality and the prevailing rates of exchange as compared with gold. Etymology The lek was named after Alexander the Great, whose name ...
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Bank Of Spain
The Bank of Spain ( es, link=no, Banco de España) is the central bank of Spain. Established in Madrid in 1782 by Charles III of Spain, Charles III, today the bank is a member of the European System of Central Banks and is also Spain's national competent authority for banking supervision within the Single Supervisory Mechanism. Its activity is regulated by the Bank of Spain Autonomy Act. History Originally named the ''Banco Nacional de San Carlos'', it was founded in 1782 by Charles III of Spain, Charles III in Madrid, to stabilize government finances through its state bonds (''vales reales'') following the American Revolutionary War in which Spain gave military and financial support to the Thirteen Colonies. Although it aided the state, the bank was initially owned privately by stockholders. Its assets included those of "Spanish capitalists, French rentiers, and several treasuries of Indian communities in New Spain" (colonial Mexico). Its first director was French banker Fran ...
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Bank Of Slovenia
The Bank of Slovenia ( sl, Banka Slovenije) is the bank of issue and the central bank of the Republic of Slovenia. Based in Ljubljana, it was established on 25 June 1991. It is a non-governmental independent institution, obliged to periodically present a report on its operation to the National Assembly of Slovenia. Its primary task is to take care of the stability of the domestic currency and to ensure the liquidity of payments within the country and with foreign countries. It also acts as the supervisor of the banking system. The Bank of Slovenia joined the Eurosystem in 2007, when the euro replaced the tolar as the official currency of Slovenia. Governors *France Arhar (1991–2001) * Mitja Gaspari (2001–2007) * Marko Kranjec (2007–2013) * Boštjan Jazbec (2013–2018) * Boštjan Vasle (since 2019) See also * Economy of Slovenia *List of central banks *Eurozone References External links *Bank of Slovenia official siteFinancial data for Slovenia
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