Bank History
The National Bank of Georgia, the country’s central bank, has a centuries-old history. The timeline shows all relevant dates from May 28, 1918 to the present.
1918წელი

28 მაისი

The issue of establishing the National Bank of Georgia was raised

The issue of establishing the National Bank of Georgia was raised for the first time after the declaration of independence on May 28, 1918.

1919წელი

11 ივლისი

Georgian Boni was put into circulation

On July 11, 1919, by a Decree of the Constituent Assembly, the first national currency of the independent Republic of Georgia - the Boni was put into circulation. Georgian Boni was a means of temporary payment.

1919წელი

31 დეკემბერი

The Law on Establishment of State Bank was adopted

On December 31, 1919, the Constituent Assembly of the Democratic Republic of Georgia passed the Law on the Establishment of the State Bank, for which 50 million was allocated from the budget. With the adoption of this law, Georgia first had its banking and monetary regulatory body.

1920წელი

16 მარტი

Chairman of the Board and the first Governor of the State Bank were elected

On March 16, 1920, Iason Lortkipanidze was elected Chairman of the Board of the State Bank. On July 24, 1920, he took over the management of the State Bank.

1920წელი

24 ივლისი

The State Bank of Georgia opened its doors

On December 31, 1919, the Constituent Assembly of Georgia adopted the Law on the Establishment of the State Bank. The State Bank of Georgia was opened on July 24, 1920, 7 months after the adoption of the law by the government.

1920წელი

ოქტომბერი

Batumi branch of the State Bank opened its doors

The Batumi branch of the State Bank of Georgia was opened in October 1920. "On the opening day, 50 million rubles were deposited to the current account of the bank. A cash and currency committee was established with the bank. The Batumi branch extends its work to western Imereti, Abkhazia, Samegrelo and Batumi districts."

1991წელი

The National Bank of conteporary Georgia was established

The National Bank of contemporary Georgia was established in 1991, after the collapse of the Soviet Union. By the decision of the Supreme Council of Georgia, all the entities of the Soviet credit system in Georgia were declared the property of the Republic of Georgia, including the State Bank. The latter served as the basis for the National Bank of the Republic of Georgia. However, the first central bank operated in Georgia from 1919 to 1921. See details.

1991წელი

ოქტომბერი

Gia Topuria became President of the National Bank of Georgia

Gia Topuria headed the National Bank of Georgia from October 1991 to January 1992.

1992წელი

იანვარი

Vazha Jinjikhadze became President of the National Bank of Georgia

Vazha Jinjikhadze headed the National Bank of Georgia from January 1992 to March 1992.

1992წელი

აპრილი

Nodar Kakulia became President of the National Bank of Georgia

Nodar Kakulia headed the National Bank of Georgia from April 1992 to November 1992.

1992წელი

ნოემბერი

Demur Dvalishvili became President of the National Bank of Georgia

Demur Dvalishvili headed the National Bank of Georgia from November 1992 to October 1993.

1993წელი

ოქტომბერი

Nodar Javakhishvili became President of the National Bank of Georgia

Nodar Javakhishvili headed the National Bank of Georgia from October 1993 to March 1998.

1998წელი

მარტი

Irakli Managadze became President of the National Bank of Georgia

Irakli Managadze headed the National Bank of Georgia from March 1998 to March 2005.

2001წელი

The Money Museum was founded

The Money Museum of the National Bank of Georgia was established in 2001. It originated on the basis of the Bank Museum operating in 1981-1989.

2005წელი

მარტი

Roman Gotsiridze became President of the National Bank of Georgia

Roman Gotsiridze headed the National Bank of Georgia from March 2005 to October 2007.

2007წელი

ნოემბერი

David Amaglobeli became the acting President of the National Bank of Georgia

David Amaglobeli was President of the National Bank of Georgia from November 2007 to February 2009.

2009წელი

26 თებერვალი

Giorgi Kadagidze became President of the National Bank of Georgia

Giorgi Kadagidze was appointed Chairman of the Board of the National Bank of Georgia on February 26, 2009 for the term of 7 years.

2012წელი

15 ივნისი

The National Bank first had its own cash center

Equipped with modern European security technologies, the Cash Center manages the cash and other valuables management process with high-tech programs allowing a single system control of the movement of cash across the country. See details.

2014წელი

07 ივლისი

The lari symbol was approved

On July 7, 2014, the Board of the National Bank of Georgia approved the lari as the symbol of Georgian money. See details.

2016წელი

მარტი

Koba Gvenetadze became Governor of the National Bank of Georgia

Global Finance named Koba Gvenetadze one of the best central bank governors five times in a row (2018, 2019, 2020, 2021 and 2022). See details.

2016წელი

15 მარტი

The updated lari won an international award

A series of updated GEL banknotes (20, 50 and 100 GEL banknotes) won the Best 2016 Regional Banknote award at the HSP Europe™ Conference held on November 15, 2016 in Bucharest. See details.

2018წელი

04 ივლისი

Georgia defeated Russia in the final of the 2018 Global Award for Financial Inclusion

The National Bank of Georgia won the 2018 Global Inclusion Awards in the regional Country Award category. The Ministry of Finance of the Russian Federation was the other nominee in this category. 

2018წელი

15 ოქტომბერი

Global Finance Best Central Banker Award 2018

Koba Gvenetadze was awarded the Global Finance Best Central Banker 2018 award. See details.

2019წელი

06 ივნისი

GITI 2019 - The Most Innovative Infrastructure Solution

The National Bank won in the Most Innovative Infrastructure Solution category at GITI 2019, the Regional Conference on Cyber ​​Security and Information Technology Development. The NBG won the award for the fourth time, which made it the leader in this respect. See details.

2019წელი

21 ოქტომბერი

Global Finance Best Central Banker Award 2019

Koba Gvenetadze was awarded the Global Finance’s Best Central Banker 2019 award. See details.

2020წელი

09 სექტემბერი

The National Bank of Georgia and the Montran Company were granted the Central Banking Award

The National Bank of Georgia was awarded by Central Banking, a reputable international publication. The award was received by the National Bank and the company Montran for the introduction of the Georgian Securities Settlement System (GSSS). See details.

2020წელი

18 სექტემბერი

A new financial education platform became available

The National Bank of Georgia launched www.FinEdu.gov.ge - a new educational platform, as part of the National Strategy for Financial Education, See details.

2020წელი

30 სექტემბერი

Global Finance Best Central Banker Award 2020

Global Finance, a reputable international publication, named Koba Gvenetadze, Governor of the National Bank of Georgia, among the best Central Bank Governors in 2020 for the third time in a row. See details.

2021წელი

14 ივნისი

Central Banking Award: Best Risk Manager of the Year

The National Bank of Georgia was awarded the Best Risk Manager of the Year award by Central Banking, the reputable international publication. See details.

2021წელი

14 ივნისი

Central Banking Award: The Most Transparent Central Bank

The National Bank of Georgia was awarded the Most Transparent Central Bank award by Central Banking, the reputable international publication. See details.

2021წელი

17 ივნისი

Central Banking Award: FinTech Policy of the Year

National Bank Of Georgia Wins Central Banking's Best Fintech Policy Award. See More 

2021წელი

12 ოქტომბერი

Global Finance Best Central Banker Award 2021

Global Finance, the world's leading financial publication, named Koba Gvenetadze, Governor of the National Bank of Georgia, among 2021 top central bank governors for the fourth time already. See More

2022წელი

07 სექტემბერი

Global Finance Best Central Banker Award 2022

Global Finance, the world's leading financial publication, named Koba Gvenetadze, Governor of the National Bank of Georgia, among 2022 top central bank governors for the fifth time already. See More