Georgian central bank recognised as most transparent central bank in 2020

The National Bank of Georgia has won the transparency nomination at the Central Banking Awards, which recognises the outstanding performance and achievements of individuals and organisations within the central banking community. 

The transparency nomination includes three components - education, targeting full range of stakeholders and communication across various platforms.

When the National Bank of Georgia unveiled a new financial education website, FinEdu, last year, it represented the latest step in a series of initiatives aimed at revolutionising transparency at the central bank. Many of these changes followed the appointment of Koba Gvenetadze as governor in March 2016. The former International Monetary Fund economist prioritised improving both the quantity and the quality of the information released by the NBG as part of a strategic goal to improve communications", writes the leading financial publication, Central Banking.

In recent years, the transparency award has been granted to the central banks of New Zealand, Czechia, Canada, Ireland, Israel and Sweden.