According to the Constitution of Georgia, it is independent of state control, and is tasked with ensuring price stability.

[4] The supreme body of the National Bank is its council, composed of seven members.

The council, in addition to the chairman, is composed of two Vice Presidents and other members.

Members of the NBG Council are elected for the seven-year term by the Parliament of Georgia, by the majority of the total number of its members, upon the nomination of the President of Georgia.

In 1991, after the collapse of the Soviet Union, the regulator began to function as an independent institution.