National Bank of Georgia

Council

Presidents

• Jason Lordkipanidze – Governor of the State Bank of Georgia, July 1920 - February 1921
• Gia Topuria, October 1991 - January 1992
• Vazha Djindjikhadze, January 1992 - March 1992
• Nodar Kakulia, April 1992 - November 1992
• Demur Dvalishvili, November 1992 - October 1993
• Nodar Javakhishvili, October 1993 - March 1998
• Irakli Managadze, March 1998 - March 2005
• Roman Gotsiridze, March 2005 - October 2007
• Davit Amaghlobeli, October 2007 - February 2009
• Giorgi Kadagidze, February 2009 - February 2016
• Koba Gvenetadze, March 2016 -

  Constitution of Georgia

Article 95

• 1.The National Bank of Georgia shall ensure the functioning of the monetary system of Georgia to provide the price stability and supports the financial sector's efficient functioning
• 2.The National Bank is the bank of all banks, and the banker and fiscal agent of the Georgian Government.
• 3.The National Bank shall be independent in its activities. Its rights and obligations, procedures of activities, as well as guarantee of its independence shall be determined under the Organic law.
• 4.The name and unit of money shall be determined by law. The National Bank shall have the sole right to issue money.

  Article 96

• 1.The highest body of the National Bank of Georgia is the Council of the National Bank, whose members shall be approved by the Parliament, by the majority of the total number of deputies upon the nomination of the President, for the period of seven years. The members of the Council may be dismissed only upon the decision of the Parliament, in accord with Article 64 of this Constitution.
• 2.The President of the National Bank shall be appointed from the Council members, and relieved of his/her duties by the President of Georgia, upon the nomination of the Council of the National Bank.
• 3.The National Bank shall be accountable to the Parliament and submit a report on its activities on the annual basis.