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20-624: Mihov is a Bulgarian surname. Notable people with the surname include: Ilian Mihov , Bulgarian economist Ivan Mihov (born 1991), Bulgarian footballer Valentin Mihov (born 1954), former Bulgarian footballer See also [ edit ] Nikola Mikhov (1891–1945), regent of Bulgaria from 1943 to 1944 Paskoje Miličević (Mihov) (ca. 1440–1516), Croatian architect References [ edit ] ^ "Mihov" . surnames.behindthename.com . Retrieved 11 July 2015 . Means ′son of Miho′,

40-619: A very high level of security. In 2005, amendments were made to the Law on the BNB, which ensured the institutional, functional, financial and personal independence of the BNB, changed the core purpose of the Bank, and expressly prohibited the central bank from providing funding to public institutions. On 1 January 2007, Bulgaria joined the European Union, and ever since the BNB has been a member of

60-658: Is a fellow of the Center for Economic Policy Research . In 2010, after serving as an economic adviser to the Bulgarian Government, he was appointed by Bulgarian Prime Minister Boyko Borisov to be Bulgaria's Deputy Prime Minister in charge of Bulgaria's efforts to join the Eurozone and of coordinating EU funding, but never took up the position. He has been a member of the Scientific Committee of

80-640: Is different from Wikidata All set index articles Ilian Mihov Mihov was born in 1966 in Samokov, Bulgaria . He graduated from the University of South Carolina 's Moore School of Business and he earned a PhD in economics from Princeton University , where his thesis supervisor was Ben Bernanke . He joined INSEAD in 1996 and served as its Dean from 2013 to 2023. Mihov has published research in macroeconomic questions, especially regarding monetary policy, fiscal policy, and economic growth. He

100-671: Is the central bank of the Republic of Bulgaria . It has also been Bulgaria's national competent authority within European Banking Supervision since 2020. Headquartered in Sofia , the bank was established in 1879. It is the 13th-oldest continuously existing central bank in the world. The bank has a key role in the Bulgarian economy. An independent institution responsible for issuing all banknotes and coins in

120-911: The Banque de France 's Research Foundation, the Advisory Board of the Bulgarian National Bank , and the World Economic Forum ’s Global Agenda Council. In 2018, Mihov was recognized as a HeForShe Leader by the UN Women Singapore Committee. Mihov currently resides in Singapore . Bulgarian National Bank The Bulgarian National Bank ( Bulgarian : Българска народна банка , romanized :  Bulgarska narodna banka , IPA: [ˈbɤɫɡɐrskɐ nɐˈrɔdnɐ ˈbaŋkɐ] , BNB )

140-480: The surname Mihov . If an internal link intending to refer to a specific person led you to this page, you may wish to change that link by adding the person's given name (s) to the link. Retrieved from " https://en.wikipedia.org/w/index.php?title=Mihov&oldid=1089548033 " Categories : Surnames Bulgarian-language surnames Hidden categories: CS1 German-language sources (de) Articles with short description Short description

160-687: The BNB superseded the previous one; it reorganised the monetary system, and from 1 July a currency board arrangement was put in place. At first, the Bulgarian Lev was pegged to the Deutsche Mark, and from 1999 – to the Euro, at the rate of 1.95583 Leva for 1 Euro. Later in the same year the Bulgarian Lev was re-denominated. In 1998, the BNB Printing Works was opened for business, and it began the production of banknotes and bonds with

180-514: The BNB was a state-owned central bank, subject to the oversight of the Minister of Finance, which serviced the state budget and the cash activities of the Government and carried out banking transactions typical of a commercial bank, without having the right to print or introduce banknotes into circulation. The Law on the foundation of the BNB and the new Charter, both passed in 1885, reorganised

200-560: The Bank made efforts to restore its value. In 1928, Bulgaria was granted a large "Stabilisation Loan" coordinated by the Economic and Financial Organization of the League of Nations . This was intended to stabilise the Lev, to reinforce the capital stock of the BNB, and to liquidate the Government's debt to the Bank. Two new laws were passed for the same purpose – the Law on the BNB, which made

220-528: The Bank, granting it monopoly of note issue. Later in the same year, the Bank issued the first Bulgarian banknotes. By the outbreak of the Balkan War (1912), the BNB gained much experience as a bank of issue and strengthened its independence. Apart from being the major lending centre in Bulgaria, it became the regulator of the monetary system, clearing the cash circulation of foreign coins and coping with

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240-470: The Bulgarian banking system to the market economy principles and of the BNB to the independent central bank principles became possible only in 1991 when two basic laws came into effect – the Commerce Law, which brought back the legal foundations of commercial banking, and the new Law on the BNB, which restored the Bank's autonomy and gave it the responsibility for supervising banks. In 1997 another Law on

260-617: The Charter of the Bulgarian National Bank. On 4 April 1879, the first BNB Governor was appointed, on 23 May the Bank was officially opened, and on 6 June it carried out its first banking operation. The Law on the right to mint coins in the Principality was passed in 1880, and it instituted the Bulgarian national currency, the Lev. The following year, Bulgaria minted its first coins of 2, 5 and 10 stotinki . Initially,

280-540: The European System of Central Banks. The bank is organised into three departments: The Bulgarian National Bank's headquarters in Sofia are located on the central Battenberg Square . The current edifice was commissioned to renowned architects Ivan Vasilyov and Dimitar Tsolov and built between 1934 and 1939 in the non-decorative Neoclassical style of the time. It spreads over an area of 3,700 m and has four overground and three underground storeys. Its interior

300-656: The banking system was transformed on the Soviet model, and thus operated until the late 1980s. The BNB was entrusted to provide all financial services to the newly created overcentralised planned economy. The Bank too was obliged to directly lend to the Government and the economy, being directly subordinated to the Council of Ministers and the Minister of Finance. In 1952, the Bulgarian Mint was set up and it started minting circulation and commemorative coins. The return of

320-764: The country, BNB is tasked with safekeeping the government's currency reserves. It is also the sole owner of the Bulgarian Mint . Since 1 October 2007, it has been a member of the European System of Central Banks . The governor of the BNB is a member of the General Assembly of the European Central Bank . On 25 January 1879, the Russian Imperial Commissar in Bulgaria, Knyaz Alexander Dondukov-Korsakov, approved

340-527: The given name Miho being a diminutive of Mihail . ^ "Familie Mihov" . lastnames.myheritage.de (in German) . Retrieved 11 July 2015 . ^ "Mihov Surname Meaning & Statistics" . forebears.io . Retrieved 11 July 2015 . 80,513rd most common surname in the world; approximately 5,445 people bear this surname; most prevalent in Bulgaria; highest density in Bulgaria [REDACTED] Surname list This page lists people with

360-474: The mid-1930s till Bulgaria entered the Second World War in 1941 the BNB went through a revival. At that time, the building of the Bank was constructed, which houses it to the present day. During the Second World War, the BNB was compelled again to lend to the Government and deal with the depreciation of the Lev. The 1947 Law on Banks carried out a drastic reform: private banks were nationalised and

380-474: The most profound institutional changes to the Bank (it became a real central bank of issue free of any activities untypical of this type of bank), and the Law on the stabilisation of the Lev and on coinage, which established a gold standard in Bulgaria whereby 92 Leva equalled 1 gram of pure gold. All these steps supported the Bank's business during the years of the Great Depression (1929–1933). From

400-467: The serious money crisis in Bulgaria in the late 19th century and with the consequences of the European money crisis in the early years of the 20th century. During the wars (1912–1918) the BNB was forced to almost limitlessly lend to the Government and increase the note issue and the amount of notes in circulation. The Bulgarian Lev came out of the wars strongly depreciated, and during the decade afterward

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