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.
1918Year

28 May

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.

1919Year

11 July

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.

1919Year

31 December

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.

1920Year

16 March

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.

1920Year

24 July

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.

1920Year

01 October

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."

1991Year

01 January

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.

1991Year

01 October

Gia Topuria became President of the National Bank of Georgia

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

1992Year

01 January

Vazha Jinjikhadze became President of the National Bank of Georgia

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

1992Year

01 April

Nodar Kakulia became President of the National Bank of Georgia

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

1992Year

01 November

Demur Dvalishvili became President of the National Bank of Georgia

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

1993Year

01 October

Nodar Javakhishvili became President of the National Bank of Georgia

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

1998Year

01 March

Irakli Managadze became President of the National Bank of Georgia

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

2001Year

01 January

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.

2005Year

01 March

Roman Gotsiridze became President of the National Bank of Georgia

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

2007Year

01 November

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.

2009Year

26 February

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.

2012Year

15 June

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.

2014Year

07 July

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.

2016Year

01 March

Koba Gvenetadze became Governor of the National Bank of Georgia

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

2016Year

15 March

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.

2018Year

04 July

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. 

2018Year

15 October

Global Finance Best Central Banker Award 2018

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

2019Year

06 June

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.

2019Year

21 October

Global Finance Best Central Banker Award 2019

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

2020Year

09 September

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.

2020Year

18 September

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.

2020Year

30 September

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.

2021Year

14 June

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.

2021Year

14 June

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.