Nodar javakhishvili biography

National Bank of Georgia

Central Bank of Georgia

For the American bank, see The National Bank of Georgia (U.S.).

The National Bank of Georgia (Georgian: საქართველოს ეროვნული ბანკი, Sakartvelos Erovnuli Bank’i) is the central bank of Georgia. Its status is defined by the Constitution of Georgia. According to the Constitution of Georgia, it is independent of state control, and is tasked with ensuring price stability.[4] The supreme body of the National Bank is its council, composed of seven members. The Chairman of the council is the President of the National Bank. The council, in addition to the chairman, is composed of two Vice Presidents and other members. Members of the NBG Council are elected for the seven-year term by the Parliament of Georgia, by the majority of the total number of its members, upon the nomination of the President of Georgia.[4]

History

The National Bank of Georgia was established on the basis of the Georgian Republican Bank of the State Bank of the USSR in 1991.

Georgia's first central bank was established in 1919

Nodar Javakhishvili Edit Profile

banker

Nodar Javakhishvili, American, Georgian banker.

Background

Javakhishvili, Nodar was born on October 7, 1954 in Tibaani, Signagi, Georgia, United States. Son of Ioram and Roza (Abuashvili) Javakhishvili.

Education

Graduate in economics, Tbilisi (Georgia) University, 1977.

Career

With, Ambular Station, Rustavi, Georgia, 1971-1972; chief economist, State Bank, Rustavi, 1977; manager, State Bank, Rustavi, 1983-1985; head planning economics division, State Bank, Rustavi, 1985-1988; head coordination division, State Bank, Rustavi, 1987-1988; chief economist, Heavy Industry Crediting Department, Tbilisi, 1977-1979; chief economist economics planning division, State Bank, Tbilisi, 1979-1980; deputy chairman administration, State Bank, Tbilisi, 1988-1991; president, Universal Exch., Tbilisi, 1992-1993; manager, Social Bank, Tbilisi, since 1993; president, National Bank Georgia, Tbilisi, since 1993.

Achievements

  • Nodar Javakhishvili has been listed as a noteworthy Banker

    Nodar Javakhishvili Thinks the Government Creates Problems not Only for Cartu Bank but For the Entire Bank System and Economy of Georgia

    News Agency “Pirveli”

    Director general of the Cartu Bank Nodar Javakhishvili said the process of sequestering the estates mortgaged in the Cartu Bank continues.

    Nodar Javakhishvili: “Last week, the property of 5, 2 million USD was sequestered for two more business-groups; consequently unprovisioned loans of total 3 million USD in fact lost perspective. In parallel to it, they started to put sequestered properties on the auction. Namely, last week 26 entities of total 19 million GEL was put on auction for its 50% price. However, as it was expected none of those properties were sold and will not be sold in future too. Relatively, the Ministry of Economy will get hold of it and will assign the properties to their initial owners in near future. Current situation convinces us in our assumptions and we now are fully aware why additional 160 million USD was allocated for the Ministry of Economy at the end of the year (40 million USD or 60 mil

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