National Bank of Georgia

Koba Gvenetadze appointed new head of Georgia’s National Bank

By | March 17th, 2016|Categories: Economy|Tags: , |

Koba Gvenetadze. (Interpressnews.) TBILISI, DFWatch–Georgia’s president has appointed a new head of the National Bank (NBG). The appointment was signed by President Giorgi Margvelashvili on Thursday. Outgoing NBG head Giorgi Kadagidze will be replaced Koba Gvenetadze, a former politician […]

Georgia’s National Bank issues 20 year anniversary coin

By | September 27th, 2015|Categories: News|Tags: , |

(National Bank of Georgia.) TBILISI, DFWatch–The National Bank of Georgia has issued a new anniversary coin in connection with the national currency’s 20 years of existence. The nominal value of the new collector’s item is 20 laris, and it was manufactured by Mennica Polska in Poland. […]

Georgia’s National Bank raises refinancing rate to 5.5%

By | July 2nd, 2015|Categories: News|Tags: , , |

(National Bank.) TBILISI, DFWatch–The National Bank of Georgia is increasing the refinancing rate because of an expected increase in inflation, which means that loans for a certain category of clients will get more expensive. The explanation given for the National […]

Judicial committee joins president in resisting National Bank bill

By | June 26th, 2015|Categories: Politics|Tags: , |

Committee head Vakhtang Khmaladze. (Interpressnews.) TBILISI, DFWatch–The Georgian parliament’s judiciary committee agree with the president about a proposed bill to strip away the bank supervisory function from the National Bank, claiming that it violates the constitution. Committee chair Vakhtang Khmaladze said on Friday […]

Georgian president to veto National Bank bill

By | June 25th, 2015|Categories: Politics|Tags: , |

President Giorgi Margvelashvili. (Interpressnews.) TBILISI, DFWatch–For at least the second time, the situation between the Georgian parliament and the president has become tense. Now the president plans to veto an initiative concerning the president of the National Bank. Since the president and non-governmental […]

Consultations begin to find new National Bank head

By | June 24th, 2015|Categories: Politics|Tags: |

President Giorgi Margvelashvili. (Interpressnews.) TBILISI, DFWatch–The president is starting consultations to find a new head of the National Bank of Georgia (NBG). Current NBG head Giorgi Kadagidze was appointed during Saakashvili’s presidency for a seven years term which expires in February, 2016. According […]