National Bank of the Republic of Belarus

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, the bank became part of the banking system of the USSR. The bank was reorganized in 1959 and 1987.

The history of the independent existence of the banking system of Belarus and the National Bank began with the country's acquisition of sovereignty after the collapse of the Soviet Union. In December 1990, the BSSR adopted the Laws "On Banks and Banking Activities in the Byelorussian SSR", which entered into force on January 1, 1991. All bank institutions on the territory of Belarus were declared its property, and the National Bank was created on the basis of the Belarusian Republican Bank of the State Bank of the USSR. On April 1, 1991, the formation of the National Bank was completed. In 2008 the National Bank created the Unified Settlement Information Space.

In April 2023, the National Bank of Belarus was added to the sanctions list of Canada.

Legal Framework

National Bank is accountable to the President of the Republic of Belarus.

Financial inclusion

The National Bank of the Republic of Belarus is developing policies to promote financial inclusion and is a member of the Alliance for Financial Inclusion. The institution made a Maya Declaration Commitment on 3 May 2013 where it outlined a quantifiable commitment to increase the number of adults with bank accounts from its current level of 70 percent to 85 percent by 2015. Additionally, the bank said it will seek to strengthen financial literacy efforts through specific activities set to be implemented under the Joint Action Plan of Government Agencies and Financial Markets Participants on Improving Financial Literacy of the Population of the Republic of Belarus for 2013–2018.

Chairmen of the National Bank

• Nikolai Omelyanovich (in Belarusian: Mikalai Amelyanovich; 1986, as Belkontora of Gosbank1991)
• Stanislav Bogdankevich (in Belarusian: Stanislau Bahdankev; 19911995)
• Tamara Vinnikova (in Belarusian: Tamara Vinnikava; 19961997)
• Gennady Aleynikov (in Belarusian: Hyenadz' Aleynikau; 19971998)
• Pyotr Prakapovich (in Belarusian: Pyotr Prakapovich; 19982011)
• Nadezhda Yermakova (in Belarusian: Nadzeya Yermakova; 20112014)
• Pavel Kallaur (), or Pavel Vladimirovich Kallaur ( (2014–2025)
• Roman Golovchenko () (since 2025)

References

References

1. (2017). "The Organisation and Structure of Central Banks".
2. (8 October 2013). "National Bank of Belarus launches financial literacy campaign". Cistran Finance.
3. [http://infobank.by/informaciya-o-banke/nacionaljnyj-bank-respubliki-belarusj/ Информация о банке НБ РБ]
4. [http://muzeydeneg.ru/money/institution/centralbanks/europe-coins-centralbanks/natsionalnyiy-bank-respubliki-belarus/ Национальный банк Республики Беларусь] {{Webarchive. link. (2017-04-25 , Музей денег)
5. (2023-04-03). "Regulations Amending the Special Economic Measures (Belarus) Regulations". [[Global Affairs Canada]].
6. (2011-10-10). "AFI official website". AFI.
7. "Alliance for Financial Inclusion - Newsroom Filter News".
8. Pastor, Mr Gonzalo C.. (April 22, 2001). "The IMF and the Ruble Area, 1991-93". International Monetary Fund.