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The National Bank of Ukraine (Ukrainian: Національний банк України) or NBU (Ukrainian: НБУ) is the central bank of Ukraine – a government body responsible for unified state policy in the field of country's monetary circulation, including strengthening of national currency unit – hryvnia. It regulates and supervises activities, functions and legal status of government and commercial banks based on principles of the constitution and law of Ukraine.
The National Bank of Ukraine is a legal entity with separated property, which is the object of the state property. Its authorized capital amounts to UAH 100 million and is the state-owned property which is in the full economic competence of the National Bank. According to Article 99 of the Constitution of Ukraine, adopted in 1996, the main function of the country's central bank is to ensure stability of monetary unit – the Hryvnia. To carry out its main function, the National Bank shall foster the stability of the banking system and, within its competence, the price stability.
The National Bank is the central bank of Ukraine, a specific central body of the state administration, its issuing center which pursue common state policy in money circulation, credit, strengthening of monetary unit; it coordinates functioning of the banking system in general; determines exchange rate of the monetary unit against foreign currencies. The National Bank determines a kind of bank notes, their denomination, distinctive features and their protection system. The National Bank of Ukraine ensures the accumulation and custody of the gold and currency reserves and the conduction of transactions with them and the banking metals. The National Bank of Ukraine sets up the order of determining a discount rate and other interest rates; it gives permission for commercial banks' registration and licenses banking business; determines the standard of emergency funds for commercial banks and other financial and credit institutions.
According to the Constitution of Ukraine, the main function of the National Bank is to ensure the stability of Ukraine's monetary unit. To carry this out, the National Bank fosters the stability of the banking system and, within its competence, price stability. The National Bank also carries out the following functions, such as: issuing currency, regulating banks and banking transactions, and ensuring the accumulation and custody of the gold and currency reserves. The National Bank is responsible for the production of bullion and collector coins including it's only bullion issue, the Archangel Michael series.
• Archangel Michael series
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