National Bank of Romania


Also found in: Acronyms.

National Bank of Romania

The central bank of Romania. It controls issue of the Romanian leu, sets the monetary policy, holds currency reserves, manages the exchange rate, and has other similar responsibilities. It was established in 1880.
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The National Bank of Romania has been using a "mix of monetary policy instruments" (4) to impose the right pace of the financial transactions, to reduce the moral hazard and to strengthen the accountability/creditworthiness of the banking system, which has been experiencing a "weakening of confidence" (4).
In fact the National Bank of Romania is one of the few that have continuously lowered the long-term interest rate.
These were replaced by new banknotes issued by The National Bank of Romania and divisionary coins issued by The Minister of Finance.
The National Bank of Romania signed this extended agreement during the ECOFIN meeting held on 4-5 April 2008.
Similar to banks, as a prototype of the credit institution, the electronic money institutions had the juridical form of a joint-stock company and could be constituted and function only on the basis and within the limits of the authorisation issued by the National Bank of Romania, the authority ensuring not only the authorisation, but also the regulations and prudential supervision.
Rhodes that he expected Parliament to ratify a second Euroloan for the National Bank of Romania during November, with a view to an official signing of the transaction later that month.
If it is in another currency, equivalent lion / another currency shall be made at the rate announced by the National Bank of Romania, the date preceding the deadline for submission of tenders by 5 days -Modalitati constitution - Cash at the cashier Bihor Forestry Directorate, -or by bank transfer RO44RZBR0000060000503710 account Raiffeisen Bank in Oradea, or an instrument of guarantee issued under the law by a banking company or a company asigurari.
The National Bank of Romania has said that it would soon require commercial banks in the nation to specify where their saving products are guaranteed.
The pattern mentioned previously was followed also at the construction of the present Romanian banking system, this allowing the identification of both the pluri-institutional level represented by the category of credit institutions, Romanian legal entities, and the mono-institutional level at which the National Bank of Romania is situated.
At the same time, Standard & Poor's also placed the double-'B'-minus senior unsecured debt ratings of the National Bank of Romania on CreditWatch with negative implications.
It also reflects the excellent relationships Citibank has with the major Romanian banks -- in particular, the National Bank of Romania.
Procurement Providing Animal Products, Meat and Meat Products Necessary Canteen Employees National Bank of Romania.
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