Banking in Romania is much like any other European
country. With a solid central bank
and the last publicly held bank sold off in late 2006, Romania has completely
privatised it's banking sector since the 1989 revolution.
The Big Ten
Australia has roughly the same population (about 21 million)
as Romania , yet the retail banking sector is dominated by only four major players
(CommBank, NAB, ANZ and WestPac).
Romanian however has yet to see such consolidation of the industry,
largely due to the heavy and disparate foreign ownership of banks, along with
regional divisions (the Bank of Transilvania is not as popular outside Transilvania).
Established in 1880, the NBR is the country's central bank, and
an independent public institution with its headquarters in Bucharest. It is
the sole institution vested with the power to issue notes and
coins to be used as legal tender on the territory of Romania.
In addition to issuing currency, the bank ensures and maintains
price stability in the economy. The central bank formulates monetary
policy and the exchange rate policy (until the Euro is adopted in Romania) in
line with the general economic policy of the Government of the day.
With a great view of
Lipscani Street , one of the most imposing and
massive bank edifices in Romania. The construction of the building
in the eclectic style of the late 19th century, with some neo-classical
elements, proceeded between 12th July 1884 (when the foundation stone
was laid) and June 1890
Photo: Government of Romania
Overseeing credit-issuing institutions, the NBR also oversees the
payment systems, and manages the official cash reserves of the nation.
By law, the National Bank of Romania is solely accountable to Parliament
and is on no account subordinated to Government, although cooperation
where possible exists.
The National Bank of Romania is managed by a Board of Directors appointed
by the Parliament of Romania on the recommendation of the standing committees
of the two Chambers of the Parliament. Board members are appointed for
a five-year tenure that can be subject to renewal.
The main tasks of the Board of Directors are to decide on the monetary
and exchange rate policies, as well as on the measures for authorisation,
regulation and prudential supervision of the credit institutions and oversight
of the authorised payment systems.
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legii.
Această pagină web a fost scrisă
iniţial pentru rezidenţii ţărilor vorbitoare de limbă engleză īn ideea
de a oferi informaţii turiştilor din SUA, UK, Canada, Australia şi Noua Zeelandă care călătoresc īn Romānia īn interes personal sau īn interes
de afaceri. Această traducere īn limba romānă este realizată pentru a
arăta proprietarilor, operatorilor şi companiilor de turism din Romānia
ce citesc clienţii lor īn engleză. Traducerile sunt aproximative şi nu
ar trebui luate īn considerare īn scopuri legale. Vă rugăm consultaţi
Termeni şi Condiţii pentru mai multe
informaţii.
Some content on this page is derived
from Wikipedia, the leading user-contributed encyclopaedia.
It may not have been reviewed by professional editors (see
full disclaimer). Permission is granted to copy, distribute and/or modify
sections of this document under the terms of the GNU Free Documentation License,
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right margin dots; Front-Cover Texts and Back-Cover Texts (as set forth in
the GNU license). A copy of the license is included
in the section entitled "GNU Free Documentation
License".
The photo immediately preceding this notice is Copyright (c)2005 - 2008 Rest
Romania SRL, All rights reserved.
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