Croatian National Bank

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The Croatian National Bank is the central bank of the Republic of Croatia. HNB was established by the Constitution of Croatia which was passed by the Croatian Parliament on 21 December 1990. Its main responsibilities are maintaining the stability of the national currency, the kuna, and ensuring general financial liquidity within the country. HNB also issues banknotes and holds the national monetary reserves. In performing its duties HNB acts as an independent institution responsible to the parliament. The bank has a share capital of 2,500,000 of Croatian kunas (near 485,292 USD).[citation needed] HNB acts in accordance with Law on Croatian National Bank.
Constitution of Croatia, made on 21 December 1990, determined in article 53, Croatian National Bank as central bank of Republic of Croatia and found its responsibilities: “Croatian National Bank is central bank of Republic of Croatia. Croatian National Bank is responsible, within its rights and duties, for stability of the currency and for liquidity of payments in state and abroad. Croatian National Bank is independent in its activity and responsible to Croatian Sabor. Profits made by Croatian National Bank belong to Croatian state budget. Position of Croatian National Bank is made by law.” By amendments of Constitution of Croatia in 1997, Bank’s earlier name National Bank of Croatia (Croatian: Narodna banka Hrvatske is changed to Croatian National Bank Croatian: Hrvatska narodna banka) .

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