National Bank of Agausia

National Bank of Agausia
Agûzës Erovné Banḱi

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Headquarters

1318 Pinansurad kč., Tamara, Agausia

Established

4 March 1991

Ownership

100% state ownership

Governing body

Board of National Trustees

President

Boris Grati

Current Ministry of Finance

Mikhail Konstantine (SD)

Currency

Pûli
PÛ

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The National Bank of Agausia (Agausian: Agûzës Erovné Banḱi) is the central bank of Agausia. Its status is defined by the Constitution of Agausia. The National Bank of Agausia (NBA) is an autonomous public legal entity and is responsible to the Parliament. The primary objective of the National Bank of Agausia shall be to ensure and maintain price stability.

Without prejudice to its primary objective, the NBA shall promote and maintain a financial system based on market principles and shall support the general economic policy of the state. The National Bank cooperates with the Government with the view to achieving its objectives and, according to the Law, undertakes the necessary measures to implement such cooperation. The NBA periodically informs the public about macroeconomic analysis, financial market evolution and statistic data, including on money supply, credit granting, balance of payments and foreign exchange market.

The Board of National Trustees is composed of seven members. The Chairman of the Board is the President of the National Bank. The Board, in addition to the Chairman, is composed of two Governors and 4 other members. Members of the NBA Board are elected for the five-year term by the Parliament of Agausia, by the majority of the total number of its members, upon the nomination of the President of Agausia.

The minister of finance serves on the board, but only as an advisor to the board. The minister has no voting power, but instead serves as liaison between the trustees and the government.

Members of the board [back to contents]

The seven-member board of trustees are elected for the five-year term by the Parliament of Agausia, by the majority of the total number of its members, upon the nomination of the President of Agausia.

The members can be removed by the Parliament, with a simple majority vote (73/145), but only after consultation with the president and the cabinet of ministers.

• Boris Grati (Since 2020)
• Nikolozi Tsbaghi (Since 2019)
• Pitori Ornea* (Since 2020)
• Vasili Ramonti* (Since 2020)
• Beni Gragnili (Since 2021)
• Maria Vu(Since 2023)
• Maikl Spilendze (Since 2023)

Presidents [back to contents]

The Chairman of the Board is the President of the National Bank. The Chairman is elected by all members of the board; as are the two Governors (Vasili Ramonti and Pitori Ornea). The current president is Boris Grati.

• 1991 - 1994 : Leonard Mtghmerti

• 1994 - 1999 : Jakob Pataraenali

• 1999 - 2004 : Nazar Simonski

• 2004 - 2005 : Yuli Aleksi

• 2005 - 2010 : Mikhail Konstantine

• 2010 - 2015 : Rolan Molare

• 2015 - 2020 : Nikolozi Tsbaghi

• 2020 - 2023: Roman Demuri

• 2023 - current : Boris Grati
  

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