National Bank of Ukraine or NBU is the central bank of Ukraine – a government body responsible for unified state policy in the field of country's monetary circulation, including strengthening of national currency unit – hryvnia. It regulates and supervises activities, functions and legal status of government and commercial banks based on principles of the Constitution of Ukraine and the law of Ukraine "About the National Bank of Ukraine".
Banking in Ukraine traces its history back to 1918 when on December 22, 1917, the Central Council of Ukraine adopted a law "On transformation of the Kyiv office of the Russian State Bank into the Ukrainian State Bank". The law united all offices of the former State bank, Noble Land Bank, and Peasant Land Bank. At the same time there existed a decree of the Central Executive Committee of Ukraine about the nationalization of banks since December 14, 1917. On January 5, 1918, the Ukrainian State Bank started to issue its own money. On August 10, 1918, there was signed a statute on the Ukrainian State Bank. On August 23, 1918, there was established the State Land Bank.
Source: Wikipedia.org
Copyright: Creative Commons 3.0
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