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National Bank of North Macedonia

Coordinates: 41°59′37″N 21°26′33″E / 41.99361°N 21.44250°E / 41.99361; 21.44250
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National Bank of North Macedonia
Народна банка на Република Северна Македонија
Banka Popullore e Republikës së Maqedonisë së Veriut
Logo
Logo
Headquarters
Headquarters
HeadquartersSkopje
Established1972[citation needed]
Ownership100% state ownership[1]
Governing bodyNational Bank Council
GovernorTrajko Slaveski
Central bank ofNorth Macedonia
CurrencyMacedonian denar
MKD (ISO 4217)
Reserves2 230 billion USD[1]
Websitewww.nbrm.mk

The National Bank of the Republic of North Macedonia (Macedonian: Народна банка на Република Северна Македонија, romanized: Narodna banka na Republika Severna Makedonija; Albanian: Banka Popullore e Republikës së Maqedonisë së Veriut) is the central bank of North Macedonia, issuing the Macedonian denar. It is headquartered in the capital city of Skopje.

Until 2019 it was officially named National Bank of the Republic of Macedonia. Since then, it has kept using the acronym NBRM.

History

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The bank originated in the reform of the National Bank of Yugoslavia in the early 1970s, which created separate "National Banks" in each of the country's six Republics and two Autonomous Provinces.[2]: 103  The National Bank's brutalist head office building was erected in 1971-1975, on a design by architects Olga Papesh and Radomir Lalovikj.[3]

It became an independent national institution in 1992 following the breakup of Yugoslavia.[4] The Macedonian denar was first adopted as temporary currency on 26 April 1992.[5]

In 2013 as part of the Skopje 2014 urban renewal project, the Macedonia government under Nikola Gruevski decided to erect a new neoclassical building for the National Bank.[6] A construction contract was made in 2016,[7] and the structure of the building was largely completed by 2019 but has remained unfinished since then. By 2024, there was still no tender for completion.[7]

The National Bank changed its name to "Republic of North Macedonia" in 2019, following the Prespa Agreement.[8]

Governors

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See also

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References

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  1. ^ a b Weidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek.
  2. ^ Branko Mijović (Spring–Summer 1982), "The Banking System", Eastern European Economics, 20:3/4 (3/4), Taylor & Francis: 100–119, JSTOR 4379638
  3. ^ "National Bank of the Republic of North Macedonia". Architectuul. Retrieved 29 September 2025.
  4. ^ "North Macedonia: National Bank of the Republic of North Macedonia (NBRM)". Global Edge. Retrieved 29 September 2025.
  5. ^ 20 years of the Macedonian denar will be celebrated Archived 2014-10-06 at the Wayback Machine NovaMakedonija
  6. ^ "Macedonian National Bank". Skopje 2014 Uncovered. 2013.
  7. ^ a b ""Skopje 2014" will continue to be built with the money from the 2025 budget". Express. 17 August 2024.
  8. ^ "National Bank of the Republic of North Macedonia Currency & Banknote Values". Greysheet. Retrieved 29 September 2025.
  9. ^ a b c d "Speeches Previous Governors - content". www.nbrm.mk.
  10. ^ "Anita Angelovska Bezhoska assumes office of Governor of the NBRM". nbrm.mk. National Bank of the Republic of North Macedonia. 2018. Retrieved 4 April 2024.
  11. ^ Johannes Heidecker (31 May 2025). "Trajko Slaveski elected new governor of the National Bank of North Macedonia". Belgian-Macedonian Business Club.
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41°59′37″N 21°26′33″E / 41.99361°N 21.44250°E / 41.99361; 21.44250

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