Internship Report the National Bank of Macedonia

Download .pdf, .docx, .epub, .txt
Did you like this example?

Introduction

My internship was performed in the Republic of Macedonia, more exactly, at its National Bank.

This institution is the one that deals with the macroeconomic policies applicable in the country. These policies allow a stable and long term economic development of one country.

Don’t waste time! Our writers will create an original "Internship Report the National Bank of Macedonia" essay for you whith a 15% discount.

Create order

I opted for Macedonia because it is the country of my origins, and also because I think one day I will be able to work for one of the Macedonians institutions. So this internship will help me find out how these kind of institutions really work, what is the aim of their work.

Macedonia is in a transition process, that undoubtedly is always characterized by numerous difficulties, which are, in general, very similar to other countries living these same processes.

The mail purpose of the government of Macedonia is the integration of the country in some international organizations such as NATO or the European Union.

While its integration in NATO would secure the borders of the country, and a long term stability (as we know that some under ethnic conflicts had risen in 2001), the integration in the EU, which is far more complicated and demands a very high responsibility of the government, will boost the economic development of this small country with a little bit more than 2 million citizens.

The importance of the National Bank, in terms of these integrations, is unavoidable. The Bank is responsible for the monetary policy and economy, for important indexes such as Inflation Rate, CPI (consumer price index), which indexes help to clarify the development of the country in a long term.

The economic stability, and the territorial stability, are two very important things, in order that Macedonia could be part of the big European family, and become a potential country that will attract foreign investments at a much higher degree.

I. Description of the institution

About NBRM

Organization chart

Functions :

the National Bank shall perform the following functions:

  • establish and conduct the monetary policy;

  • regulate the liquidity in the international payments;

  • establish and conduct the Denar exchange rate policy;

  • handle and manage the foreign exchange reserves;

  • regulate the payment system;

  • grant founding and operating license to a bank and a savings house and supervise the banks and savings houses;

  • grant a license for performing services of prompt money transfer and supervise the operations of the entities performing services of prompt money transfer in accordance with a law;

  • grant operating license to foreign exchange bureaus and supervise their operations in accordance with a law;

Do you want to see the Full Version?

View full version

Having doubts about how to write your paper correctly?

Our editors will help you fix any mistakes and get an A+!

Get started
Leave your email and we will send a sample to you.
Thank you!

We will send an essay sample to you in 2 Hours. If you need help faster you can always use our custom writing service.

Get help with my paper
Sorry, but copying text is forbidden on this website. You can leave an email and we will send it to you.