The National Bank of Romania (Romanian: Banca Națională a României, BNR) is the central bank of Romania and was established in April 1880. Its headquarters are located in the capital city of Bucharest.
National Bank of Romania Banca Națională a României
The National Bank of Romania is responsible for the issue of the Romanian leu and as such it sets the monetary policy, holds the currency reserves and manages the exchange rate.[4]
The bank's first governor was Ion Câmpineanu. Eugeniu Carada is associated to the National Bank, as he was the founder of the bank and he was elected director of the bank, but he never accepted the role of Governor.
In 1916, in the wake of the Central Powers' invasion, the valuables of the National Bank of Romania, together with many other valuables (the Romanian Treasure) were sent to Moscow for safekeeping, but were never returned (except for the Pietroasele treasure - now on display at the National Museum of Romanian History, the numismatic collection of the National Bank, some paintings and archives).
On 28 July 1959, an armed group of six Jewish Romanian, members of the Romanian Communist Party apparatus (the Ioanid Gang: Alexandru Ioanid, Paul Ioanid, Igor Sevianu, Monica Sevianu, Sașa Mușat and Haralambie Obedeanu) were alleged to have stolen from an armored car of the National Bank of Romania 1,600,000 lei (about 250,000 U.S. dollars at 1959 prices). It was allegedly the most famous bank robbery in the Eastern bloc. Beyond accusations based on various ideological guidelines, no reasons for the alleged robbery, or for the Ioanid group to have perpetrated it, were ever given at the trial.
Although the persons on trial were accused of intending to donate the money to Zionist organizations that would send Romanian Jews to Israel, the stolen sum was in lei, which at the time could not be exchanged for hard currency anywhere in the world. All these aspects, together with the numerous cases of sentences based on false accusations, have led most persons to doubt that any robbery actually took place or that those charged with the crime committed it.
ArchitectureEdit
The Old BNR PalaceEdit
The Headquarters of the National Bank of Romania in the 1920s (Lipscani Street).
The head office of the National Bank of Romania with the view of Lipscani Street is one of the most imposing and massive bank edifices in Romania, nowadays a historic, art monument, and protected as such. It was erected on the former site of the inn built by Șerban Cantacuzino (1678–1688).
Old National Bank building, 2017.
On 26 February 1882, architects Cassien Bernard and Albert Galleron were assigned the task to blueprint the BNR Palace. The construction of the building in the eclectic style of the late 19th century, with some neo-classical elements, proceeded between 12 July 1884 (when the foundation stone was laid) and June 1890 under the direction of the architect engineer Nicolae Cerchez assisted by architect E. Băicoianu.
The New BNR PalaceEdit
With the façade on Doamnei Street, the new wing of the BNR Palace was built during World War II, after having laid the foundation stone back in 1937.
The construction works carried on between 1942-44 under the direction of architect Ion Davidescu assisted by two other architects, Radu Dudescu and N. Crețoiu.
The building is emblematic of the neo-classical style with rationalist influences that prevailed in the interwar period. It impresses by the monumental granite stairs, the huge Corinthian columns forming the façade, and the large, white marble-coated halls inside the building.
ResponsibilitiesEdit
The main tasks of the National Bank of Romania are the following:
to define and implement the monetary policy and the exchange rate policy;
to conduct the authorisation, regulation and prudential supervision of credit institutions and to promote and oversee the smooth operation of the payment systems with a view to ensuring financial stability;
to issue banknotes and coins as legal tender on the territory of Romania;
to set the exchange rate regime and to supervise its observance;
national, bank, romania, confused, with, bank, romania, romanian, banca, națională, româniei, central, bank, romania, established, april, 1880, headquarters, located, capital, city, bucharest, banca, națională, românieilogo, palace, doamnei, streetheadquarters. Not to be confused with Bank of Romania The National Bank of Romania Romanian Banca Națională a Romaniei BNR is the central bank of Romania and was established in April 1880 Its headquarters are located in the capital city of Bucharest National Bank of RomaniaBanca Națională a RomanieiLogo BNR Palace on Doamnei StreetHeadquartersBucharestEstablishedApril 1880Ownership100 state ownership 1 GovernorMugur IsărescuCentral bank ofRomaniaCurrencyRomanian leuRON ISO 4217 Reserves 35 709 billion March 2021 2 Bank rate1 25 3 Websitewww bnr roThe National Bank of Romania is responsible for the issue of the Romanian leu and as such it sets the monetary policy holds the currency reserves and manages the exchange rate 4 Contents 1 History 2 Architecture 2 1 The Old BNR Palace 2 2 The New BNR Palace 3 Responsibilities 4 Gallery 5 See also 6 References 7 External linksHistory EditThe bank s first governor was Ion Campineanu Eugeniu Carada is associated to the National Bank as he was the founder of the bank and he was elected director of the bank but he never accepted the role of Governor In 1916 in the wake of the Central Powers invasion the valuables of the National Bank of Romania together with many other valuables the Romanian Treasure were sent to Moscow for safekeeping but were never returned except for the Pietroasele treasure now on display at the National Museum of Romanian History the numismatic collection of the National Bank some paintings and archives On 28 July 1959 an armed group of six Jewish Romanian members of the Romanian Communist Party apparatus the Ioanid Gang Alexandru Ioanid Paul Ioanid Igor Sevianu Monica Sevianu Sașa Mușat and Haralambie Obedeanu were alleged to have stolen from an armored car of the National Bank of Romania 1 600 000 lei about 250 000 U S dollars at 1959 prices It was allegedly the most famous bank robbery in the Eastern bloc Beyond accusations based on various ideological guidelines no reasons for the alleged robbery or for the Ioanid group to have perpetrated it were ever given at the trial Although the persons on trial were accused of intending to donate the money to Zionist organizations that would send Romanian Jews to Israel the stolen sum was in lei which at the time could not be exchanged for hard currency anywhere in the world All these aspects together with the numerous cases of sentences based on false accusations have led most persons to doubt that any robbery actually took place or that those charged with the crime committed it Architecture EditThe Old BNR Palace Edit nbsp The Headquarters of the National Bank of Romania in the 1920s Lipscani Street The head office of the National Bank of Romania with the view of Lipscani Street is one of the most imposing and massive bank edifices in Romania nowadays a historic art monument and protected as such It was erected on the former site of the inn built by Șerban Cantacuzino 1678 1688 nbsp Old National Bank building 2017 On 26 February 1882 architects Cassien Bernard and Albert Galleron were assigned the task to blueprint the BNR Palace The construction of the building in the eclectic style of the late 19th century with some neo classical elements proceeded between 12 July 1884 when the foundation stone was laid and June 1890 under the direction of the architect engineer Nicolae Cerchez assisted by architect E Băicoianu The New BNR Palace Edit With the facade on Doamnei Street the new wing of the BNR Palace was built during World War II after having laid the foundation stone back in 1937 The construction works carried on between 1942 44 under the direction of architect Ion Davidescu assisted by two other architects Radu Dudescu and N Crețoiu The building is emblematic of the neo classical style with rationalist influences that prevailed in the interwar period It impresses by the monumental granite stairs the huge Corinthian columns forming the facade and the large white marble coated halls inside the building Responsibilities EditThe main tasks of the National Bank of Romania are the following to define and implement the monetary policy and the exchange rate policy to conduct the authorisation regulation and prudential supervision of credit institutions and to promote and oversee the smooth operation of the payment systems with a view to ensuring financial stability to issue banknotes and coins as legal tender on the territory of Romania to set the exchange rate regime and to supervise its observance to manage the official reserves of Romania Gallery EditNational Bank of Romania nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp See also Edit nbsp Banks portalEconomy of Romania Romanian leu Romanian Treasure Romanian gold reserves alongside other valuable objects sent to Russia for safekeeping in 1916 during World War I which haven t yet returned as of 2023 References Edit Weidner Jan 2017 The Organisation and Structure of Central Banks PDF Katalog der Deutschen Nationalbibliothek Rezervele internaţionale martie 2021 in Romanian bnr ro 1 April 2021 Operațiunile de piață monetară open market Retrieved 17 April 2021 National Bank of Romania The Free Dictionary External links EditOfficial website44 25 57 34 N 26 5 57 83 E 44 4325944 N 26 0993972 E 44 4325944 26 0993972 Retrieved from https en wikipedia org w index php title National Bank of Romania amp oldid 1181015840, wikipedia, wiki, book, books, library,
