The National Bank of the Republic of North Macedonia is the central bank of the country, responsible for maintaining monetary stability and overseeing the financial system. Established in 1992, it plays a crucial role in formulating and implementing monetary policy, managing foreign exchange reserves, and ensuring the stability of the national currency, the Macedonian denar. In addition to its monetary functions, the bank supervises commercial banks and other financial institutions to promote a safe and sound banking environment. It also conducts research and provides economic analysis to support informed decision-making in the financial sector.