Foundation
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) was changed to Croatian National Bank (Croatian: Hrvatska narodna banka)
Read more about this topic: Croatian National Bank
Famous quotes containing the word foundation:
“Remember that whatever knowledge you do not solidly lay the foundation of before you are eighteen, you will never be master of while you breathe.”
—Philip Dormer Stanhope, 4th Earl Chesterfield (1694–1773)
“But I hate things all fiction ... there should always be some foundation of fact for the most airy fabric—and pure invention is but the talent of a liar.”
—GGeorge Gordon Noel Byron (1788–1824)
“I have witnessed the tremendous energy of the masses. On this foundation it is possible to accomplish any task whatsoever.”
—Mao Zedong (1893–1976)