The National Bank of the Republic of Belarus (NBRB; ; ) is the central bank of Belarus, located in Minsk. The bank was created in 1922 under the name of "Belarusian Republican Bank" by the Soviet of People's Commissars of Byelorussia, but soon worked under the direction of the State Bank of the USSR. Undergoing reorganizations in 1959 and 1987, the bank appeared in its current form in 1990 after the passage of banking rules upon declaring independence from the Soviet Union.
History
By the decree of the Council of People's Commissars of the BSSR of December 3, 1921, the Byelorussian office of the State Bank of the RSFSR was established under the People's Commissariat of Finance of the Byelorussian SSR. The office began its activity on January 3, 1922. A year later, immediately after the establishment of the State Bank of the USSR, the bank became part of the banking system of the USSR. The bank was reorganized in 1959 and 1987.
The history of the independent existence of the banking system of Belarus and the National Bank began with the country's acquisition of sovereignty after the collapse of the Soviet Union. In December 1990, the BSSR adopted the Laws "On Banks and Banking Activities in the Byelorussian SSR", which entered into force on January 1, 1991. All bank institutions on the territory of Belarus were declared its property, and the National Bank was created on the basis of the Belarusian Republican Bank of the State Bank of the USSR. On April 1, 1991, the formation of the National Bank was completed.[3]