Central Bank Independence in Transition Economies

13B. Objectives, Formulation of Monetary Policy and Relations with 

other State Institutions 

The main objective of the National Bank of Slovenia is to maintain the stability 

of the national currency and liquidity of the payment system (Art. 2). The Bank is 

independent in formulating and implementing monetary policy. The Bank is controlled 

by the Parliament. The Bank presents on request, but at least twice a year, the report 

on its activity to the Parliament (Art. 4). The Financial Plan for the current year and 

the Annual Financial Statement which are subject to approval by the Parliament (Art. 

82). 

                                              

15

 Source: Law on the Bank of Slovenia (25 June 1991), Statute of the Bank of Slovenia 

(January 1993), Annual Report (1996). 

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