Home Supervision

Supervision

According to the Law on the National Bank of the Republic of Macedonia and the Banking Law, the National Bank of the Republic of Macedonia is the only supervisory authority responsible for licensing and supervision of banks and savings houses in the Republic of Macedonia.

The main purpose of the supervisory function performed by the National Bank of the Republic of Macedonia is the maintenance of safe and sound banking system and protection of the depositors and other creditors that had invested their money in the banking system. The National Bank of the Republic of Macedonia has established supervisory standards that are incompliance with the international standards and practices set by the Basle Committee on Banking Supervision.

INFLATION

EXCHANGE RATES

for the period: -

	Counrty	Code	Currency		Unit	BuyingRate	MiddleRate MKD	SellingRate

NATIONAL BANK POLICY RATES

Monetary instrument	Interest rate
Central Bank bills	5,80%
Overnight loan	6,30%
Overnight deposit	4,20%
7 days deposit facility	4,25%

Changes to the National Bank policy rate

Bank's reserve requirements ratios

Liabilities with contractual maturity of up to 2 years:
in domestic currency	8.0%
in domestic currency with FX clause	100%
in foreign currency	21%
Liabilities with contractual maturity of over 2 years:
in domestic currency	0%
in domestic currency with FX clause	100%
in foreign currency	5%

Financial market operations

Auctions of Central Bank bills

Auctions of government securities

Auctions of repo transactions

Reference rate for calculating the penalty interest rate

6,30%

SKIBOR

The official language of the documents translated herein is Macedonian. In case of any doubt or misunderstanding, the Macedonian version should therefore be considered final.

What are cookies?

Supervision