National Bank of Romania
The National Bank of Romania (Romanian: Banca Naţională a României, BNR) is the central bank of Romania. It started in April 1880. It is in the capital city, Bucharest. The bank's first governor was Eugeniu Carada.
History[change | change source]
Scandal[change | change source]
In 1916, the Central Powers invaded Romania. All valuable objects of the National Bank of Romania and the Romanian Treasure were sent to Moscow for safekeeping. They were never returned.[source?]
Robbery[change | change source]
On July 28, 1959, an armed group of six members of the Romanian Communist Party stole from an armored car of the National Bank of Romania 1,600,000 lei (about US$250,000 at 1959 prices).
Responsibilities[change | change source]
The main tasks of the National Bank of Romania are:
- to control the supply of money and its exchange with other currencies
- to control banks and make sure the economy is stable
- to make money
- to control how much money goes in and out of Romania