Other functions of the NBU

The National Bank performs the following functions: 1. according to the developed by the Council of the National Bank of Ukraine, the Basic Principles on the monetary policy determines and implements monetary policy, 2. sole issuer of national currency of Ukraine, and arrange for treatment 3. serves the lender of last resort for banks and arrange refinancing system, 4. sets the rules of conducting banking operations, accounting, information security, facilities and equipment 5. organizes the development and methodological support to the system of monetary and banking statistics and balance of payments statistics; 6. defines a system, procedure and forms of payments, including between banks 7. determines the direction of development of modern electronic banking technologies, coordinates and controls the creation of electronic means of payment, payment systems, banking automation and protection of banking information 8. provides banking regulation and supervision 9. maintain the State Register of Banks, to license banking activities and transactions in cases stipulated by law, 10. keep the official register of identification numbers of the issuers of payment cards of domestic payment systems, 11. certifies auditors who will conduct an audit of banks, temporary administrators and liquidators of the bank, 12. of balance of payments, performs its analysis and forecasting 13. Represents Ukraine at the central banks of other countries, international banks and other lending institutions where collaboration takes place at the level of central banks, 14. shall, in accordance with certain special statutory powers currency regulation, determine the order of operations in foreign currency, organizes and carries out foreign exchange controls over banks and other financial institutions and licensed to National Bank for currency transactions; 15. ensures the accumulation and storage of reserves and operations with them, and precious metals, 16. analyzes the state of monetary, financial, pricing and currency relations, 17. arrange for collection and transportation of banknotes, coins and other valuables, issues licenses for collection and transportation of banknotes, coins and other valuables, 18. implements the state policy on protection of state secrets in the National Bank; 19. participates in training for the banking system of Ukraine, 20. determines the characteristics of the banking system of Ukraine in case of martial law or a particular period, carries out mobilization preparation of the National Bank; 21. performs other functions in the financial sphere, within its competence as defined by law. Category: Legal status of the National Bank of Ukraine