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Central & Reserve Banks
- Afghanistan -
Bank of Afghanistan
- Albania - Bank of Albania
Bank of Albania is the Central Bank of the Republic of Albania. This status is ratified by
the Article 161 of the Constitution and by Law No. 8269, date 27.12.1997 " On the
Bank of Albania" that establishes the targets, tasks, the relationships with banking
system and the state, the organisation and management, the ownership on the capital, the
financial statements and profit delivery.
Bank of Albania was established during the transition process with the passing to the
two-level banking system and with the establishment of the necessary legal space for a
central bank, which became official by the adoption of the Law No. 7559 "On the Bank
of Albania", date April 22, 1992. The later reviews that were performed on this law
were compiled pursuant to both the models of the west countries and to the recommendations
of international organisations.
Bank of Albania is a fully state owned ? bank and is responsive before the Assemble of
the Republic of Albania.
- Algeria - Bank of Algeria
La Banque Centrale d?Algerie fut creee par la loi numero 62-144 votee par l?Assemblee
constituante le 13 Decembre 1962, portant creation et fixant les statuts de la Banque
Centrale.
La Banque d?Algerie a pour mission de maintenir dans le domaine de la monnaie, du credit
et des changes, les conditions les plus favorables a un developpement ordonne de
l?economie.
- Angola - National Bank of
Angola
A vida economica moderna e influenciada sobremaneira pela actividade bancaria na medida em
que a mesma suporta o desenvolvimento economico atraves do seu papel de intermediacao
entre a poupanca e o credito.
- Anguilla - Eastern Caribbean
Central Bank
The Eastern Caribbean Central Bank was established in October 1983. It is the Monetary
Authority for a group of eight small island economies namely - Anguilla, Antigua and
Barbuda, Commonwealth of Dominica, Grenada, Montserrat, St. Kitts and Nevis, St. Lucia,
and St. Vincent and The Grenadines.
- Antigua & Barbuda -
Eastern Caribbean Central Bank
The Eastern Caribbean Central Bank was established in October 1983. It is the Monetary
Authority for a group of eight small island economies namely - Anguilla, Antigua and
Barbuda, Commonwealth of Dominica, Grenada, Montserrat, St. Kitts and Nevis, St. Lucia,
and St. Vincent and The Grenadines.
- Argentina - Bank of Argentina
The Argentine Central Bank is a National State self-governed institution, whose primary
and fundamental mission is to preserve the value of the Argentine currency. When
formulating and implementing the monetary and financial policy, it is not subject to the
orders, guidelines or instructions of the National Executive branch of government.
- Armenia - Central Bank of Armenia
- Aruba - Central Bank of Aruba
The Centrale Bank van Aruba (the Bank) started its operations on January 1, 1986, when
Aruba obtained its status as an autonomous country within the Kingdom of the Netherlands.
Prior to this period, Aruba formed part of the Netherlands Antilles. The Bank is a legal
entity in itself (sui generis) with an autonomous position within Aruba?s public sector.
With the inception of the Bank, the Aruban florin was brought into circulation, pegged to
the U.S. dollar at a rate of Afl. 1.79 = US$ 1.00. This exchange rate has remained
unchanged since then. The mission of the Bank is to maintain the internal and external
value of the florin and to promote the soundness and integrity of the financial system,
accomplished by motivated and qualified employees, for the general benefit and well-being
of the people of Aruba.
- Australia - Reserve Bank of Australia
The Reserve Bank of Australia's (RBA) main responsibility is monetary policy. Policy
decisions are made by the Reserve Bank Board, with the objective of achieving low and
stable inflation over the medium term. Other major roles are maintaining financial system
stability and promoting the safety and efficiency of the payments system. The Bank is an
active participant in financial markets, manages Australia's foreign reserves, issues
Australian currency notes and serves as banker to the Commonwealth Government. The
information provided by the Reserve Bank includes statistics - for example, on interest
rates, exchange rates and money and credit growth - and a range of publications on its
operations and research.
- Austria - Bank of Austria (Oesterreichische
Nationalbank)
The legal status of the Oesterreichische Nationalbank shall be governed by the Treaty
establishing the European Community (EC Treaty), the Protocol on the Statute of the
European System of Central Banks and the European Central Bank (ESCB/ECB Statute), and
this federal act. The provisions of the Aktiengesetz (Stock Corporation Act) 1965, BGBl.
No. 98/1965, shall be applicable to the Oesterreichische Nationalbank unless otherwise
provided for by the EC Treaty, the ESCB/ECB Statute or this federal act.
- Azerbaijan - National Bank of Azerbaijan
The National Bank of the Azerbaijan Republic is the central bank of the Azerbaijan
Republic. Its status, basic functions and duties, organization and principles of activity
have been determined by the Constitution of the Azerbaijan Republic, Law of the Azerbaijan
Republic On the National Bank of the Azerbaijan Republic and other legislative acts.
- Bahamas - Central Bank of
the Bahamas
The establishment of The Central Bank of The Bahamas on June 1, 1974, marked the beginning
of a new phase in the monetary history of The Bahamas. It is of course not coincidence
that this establishment followed The Bahamas? graduation to statehood by less than one
year, as a newly independent Bahamas recognised the critical role to be played by such an
institution in the country?s economic development. Today the Bank continues to
diligently pursue its mandate. We welcome you to our official website, which we trust will
serve you as an invaluable source for economic and financial data and information on The
Bahamas.
- Bahrain - Bahrain Monetary Agency
The Bahrain Currency Board was established in 1964 (Amiri Decree No. 6 of 1964), with the
main objectives of managing the currency issue and the granting of banking licences. The
establishment of the Currency Board paved the way for the introduction of the national
currency, the Bahraini Dinar, which in 1965 replaced the Gulf Rupee.
With the development of the local economy and a policy of developing the financial sector,
the responsibilities of the monetary authority needed to be expanded. To that end, the
Bahrain Monetary Agency was established in 1973 (Amiri Decree No. 23 of 1973) with
considerably wider objectives than those originally set for the Currency Board
- Bangladesh - Bangladesh Bank
Bangladesh Bank, the central bank of the country, was established as a body corporate vide
the Bangladesh Bank Order, 1972 (P.O. No. 127 of 1972) with effect from 16th December,
1971. The general superintendence and direction of affairs and business of the Bank are
entrusted to a nine member Board of Directors which consists of the Governor as chairman,
a Deputy Governor, three senior government officials and four persons having experience
and proven capacity in the fields of banking, trade, commerce, industry or agriculture -
all nominated by the government. The board, which is the highest policy making body, meets
at least six times a year and at least once every quarter under the chairmanship of the
Governor. The Governor, appointed by the government as the chief executive officer,
directs and controls all the affairs of the Bank on behalf of the Board.
- Belarus - National Bank of the Republic of
Belarus
The banking system was subject to a major reorganization in 1987. Belarusian republican
banks with their branches of the State Bank, Vnesheconombank, Savings Bank, Promstroibank,
Agroprombank, Zhilsotsbank of the USSR were established and were operating on a basis of
self?sufficiency and self?finance.
Acquiring independence by Belarus was a landmark in the development of the national
banking system. The Laws "On the National Bank of the Republic of Belarus" and
"On Banks and Banking Activities in the Republic of Belarus" were passed in
December 1990. All institutions of the USSR banks within the Belarusian territory were
declared the property of the country. The National Bank of the Republic of Belarus was
established on the basis of the Belarusian Republican Bank of the USSR State Bank.
Specialized state banks were transformed into joint?stock commercial banks ?
Belagroprombank, Belvnesheconombank, Belbusinessbank, Belpromstroibank, as well as Savings
Bank. In the late 1980s ? early 1990s commercial banks such as Belarusbank, Priorbank,
Brestkombank, Kompleksbank and others came into being on the joint?stock and sharing
basis.
- Belgium - National Bank of Belgium
The National Bank of Belgium is our country's central bank. With the introduction of the
euro, the NBB has become one of the participants in the Eurosystem. The European Central
Bank, which has its seat in Frankfurt, is the core of the system.
In Belgium the central bank provides services to the public, to companies, to the State
and to the financial world. At its counters, you can exchange old or damaged banknotes or
retrieve annual accounts. The Bank also compiles statistics and supplies economic
information.
However, the National Bank is not a commercial bank. Therefore, you can not open an
account, borrow money or buy foreign currency.
- Belize - Central Bank of Belize
The Central Bank of Belize was established on 1st January 1982 by the Central Bank of
Belize Act No. 15 (Chapter 262 of the Laws of Belize Revised Edition 2000). Similar to
other Central Banks in the English speaking Caribbean, the Central Bank of Belize is
modeled on the Bank of England and its functions include providing banking services to the
Government of Belize and financial institutions, issuing the domestic currency, regulating
commercial banks and other financial institutions, providing economic advice to the
Government, conducting research and publishing information on monetary and other economic
developments.
- Benin - Central Bank of West African
States
The Central Bank of West African States is the common central bank of the eight member
states which form the West African Monetary Union. The West African Monetary Union is
characterised by the recognition of a common monetary unit, the Franc of the African
Financial Community. The West African Monetary Union comprises: Benin, Burkina Faso,
Guinea Bissau, Ivory Coast, Mali, Niger, Senegal, and Togo.
- Bermuda - Bermuda Monetary Authority
The Bermuda Monetary Authority was established by the Bermuda Monetary Authority Act 1969
as a body corporate having perpetual succession.
A Board of eleven Directors is responsible for the policy of the Authority and the general
administration of its affairs and business. No director may be a member of either the
House of Assembly or the Senate.
The authorised capital of the Authority is BD$30 million.
- Bhutan - Royal Monetary Authority of
Bhutan
The Royal Monetary Authority of Bhutan (RMA) was established under the Royal Monetary
Authority of Bhutan Act, passed by the 56th session of the National Assembly of Bhutan in
1982. Since then, certain provisions of the Act have been partially amended by the
Financial Institutions Act of Bhutan 1992.
Against an authorized capital of Nu.100 million, the paid-up portion of the RMA's capital
is presently Nu. 4,400,000, which in accordance with the provisions of the Act, is held
exclusively by the Royal Government. The paid-up capital can be increased by such further
amounts as may be proposed by the Board of Directors and approved by the Government.
- Bolivia - Central Bank of Bolivia
MISION
Procurar la estabilidad del poder adquisitivo de la moneda nacional, como elemento
esencial del bienestar de la sociedad boliviana. Es una institucion del Estado, de
caracter autarquico, con competencia tecnica, administrativa y financiera. Es la unica
autoridad monetaria, cambiaria y del sistema de pagos.
VISION
Hacer del Banco Central de Bolivia una institucion moderna, con ejercicio pleno de su
autonomia, asumiendo su responsabilidad publica con excelencia en el desempeno de sus
diferentes funciones, principalmente en relacion a su mision.
- Bosnia - Central Bank of Bosnia &
Herzegovina
The Central Bank of Bosnia and Herzegovina was established in accordance with the Law
adopted at the Parliament of Bosnia and Herzegovina on 20 June 1997. The Central Bank
started its operation on 11 August 1997.
The main goals and tasks of the Central Bank are defined by the Law and in accordance with
the General Peace Agreement in Bosnia and Herzegovina.
- Botswana - Bank of Botswana
- Brazil - Bank of Brazil
The Banco Central do Brasil (BCB), created by Law no. 4,595= of December 31st, 1964, is an
autonomous federal institution and part of the National Financial System (SFN).
Before the creation of the Central Bank, the Brazilian monetary authorities were the
Currency and Credit Superintendence (SUMOC), the Bank of Brazil (BB) and the National
Treasury.
- Brunei Darussalam - Brunei Currency
Board
Brunei Darussalam operates a Currency Board system and has no Central Bank. The Government
under the Banking Acts and Finance Companies Act regulates the banking industry. The
Ministry of Finance through the Financial Institutions Division closely regulates all
banking activities to ensure a stable and fiscally sound business environment. The Brunei
Currency Board is responsible for issuing and managing the currency.
- Bulgaria - Bulgarian National Bank
- Burkina Faso - Central Bank of West
African States
The Central Bank of West African States is the common central bank of the eight member
states which form the West African Monetary Union. The West African Monetary Union is
characterised by the recognition of a common monetary unit, the Franc of the African
Financial Community. The West African Monetary Union comprises: Benin, Burkina Faso,
Guinea Bissau, Ivory Coast, Mali, Niger, Senegal, and Togo.
- Canada - Bank of Canada
The Bank of Canada is Canada's central bank.
The Bank of Canada's responsibilities focus on the goals of low and stable inflation, a
safe and secure currency, financial stability, and the efficient management of government
funds and public debt.
- Cape Verde - Banco de Cabo Verde
O Banco de Cabo Verde foi criado em 29 de Setembro de 1975, tendo-lhe, entao, sido
cometidas as funcoes de banco central e emissor, autoridade cambial, caixa de tesouro e
banco comercial e de desenvolvimento. Em Agosto de 1993, foi aprovada uma nova Lei
Organica do Banco de Cabo Verde, passando este a exercer exclusivamente as funcoes de
banco central e atribuindo-se-lhe sucessivamente responsabilidades acrescidas no dominio
da supervisao e controlo das diversas instituicoes que actuam nos mercados monetario e
financeiro, incluindo o sector segurador e o mercado de capitais.
- Cayman Islands - Cayman Islands
Monetary Authority
The Cayman Islands Monetary Authority was established as a body corporate under The
Monetary Authority Law, which was brought into force on 1st January, 1997. The former
responsibilities, duties and activities of the Financial Services Supervision Department
and the Cayman Islands Currency Board now fall to the Authority which was created from the
merger of these two bodies.
The Authority, however, was not established just to continue what was already in place
under a different guise but rather to enhance our ability to maintain a well regulated
financial services regime and monetary stability.
- Chile - Central Bank of Chile
The Central Bank of Chile was created by decree law No. 486, 21 August 1925, under the
government of President Arturo Alessandri Palma. This initiative arose as one of four
projects presented that year by the Kemmerer mission. That mission, which was hired by the
government of the time to restructure Chile?s monetary and financial system, was headed
by Edwin Walter Kemmerer, professor of economics at the University of Princeton. The
projects included the monetary law, which sought to stabilize the value of Chile?s
currency and the gold standard as the basis of the country?s monetary unit, the creation
of the Central Bank of Chile, the passing of the general banking law and the general
budget law.
- China - Central Bank of China
In 1923, Dr. Sun Yat-sen, National Father of the Republic of China, promoted the
establishment of the Central Bank of China (the Bank) with the primary goal of financing
national developments. The Bank was inaugurated in Canton in the following year. Since
then the Bank developed with a vision to be in line with the modern concept of central
banking. In December 1949, the Bank relocated with the government from Mainland China to
Taipei, and in 1961, resumed its operations there. On November 8, 1979, the newly revised
Central Bank of China Act was promulgated. While the Bank has since been under the
Executive Yuan (Cabinet), its independent role in making monetary policy has not been
changed.
- China - Hong Kong Monetary
Authority
The Hong Kong Monetary Authority (HKMA) was established on 1 April 1993 by merging the
Office of the Exchange Fund with the Office of the Commissioner of Banking. Its main
functions and responsibilities are governed by the Exchange Fund Ordinance and the Banking
Ordinance and it reports to the Financial Secretary.
The HKMA is the government authority in Hong Kong responsible for maintaining monetary and
banking stability. Its main functions are:
- keeping the Hong Kong dollar stable
- managing the Exchange Fund - Hong Kong's official reserves - in a sound and effective
way
- promoting the safety of Hong Kong's banking system
- developing Hong Kong's financial infrastructure to enable money to flow smoothly, freely
and without obstruction
- Colombia - Bank of Colombia
The Banco de la Rep?lica is the Central Bank of Colombia and is organized as a legal
entity with public jurisdiction and acting with administrative, patrimonial and technical
autonomy, being subject to its own legal regime, as expressed in the Political
Constitution of Colombia of 1991.
In 1998, the Banco de la Rep?lica de Colombia celebrated 75 years of existence. As one
of many iniciatives undertaken on that occasion, the Bank began a restructuring of its
presence in the Internet with the expressed purpose of making available the whole of the
economic and cultural information related with the institution in a quick and timely
manner.
- Costa Rica - Central Bank of Costa Rica
Al intensificarse la actividad economica y bancaria del pais, surgio la necesidad de crear
un Banco Central que actuara como mayor autoridad que el simple Departamento Emisor que
hasta ese momento (1945) estaba adscrito al Banco Nacional de Costa Rica; este ultimo
establecido a fines de 1936 al reorganizarse el antiguo Banco Internacional.
En 1948, al decretarse la nacionalizacion de la banca privada -recepcion de depositos del
publico - y dada la necesidad de dotar al nuevo Sistema Bancario Nacional de una
integracion organica adecuada y una orientacion eficiente por parte del Estado, se hizo
mas urgente la necesidad de establecer el Banco Central como organo independiente y rector
de la politica economica, monetaria y crediticia del pais. Con este proposito se promulgo
la Ley 1130, del 28 de enero, 1950, que establecio el Banco Central de Costa Rica con
caracteristicas definidas y propias, que le permitieron, en lo sucesivo, actuar como
Organo Central de la economia del pais.
Por la importancia que tuvo para la historia bancaria de Costa Rica la fundacion del Banco
Central de Costa Rica, el respectivo proyecto, que derivo en la Ley 1130, incluye varios
razonamientos para sustentar la decision de los Poderes Legislativo y Ejecutivo de dictar
y sancionar esa ley, la cual, en un principio, tuvo un caracter transitorio, por cuanto el
Banco Central de Costa Rica tendria las mismas funciones y facultades del Departamento
Emisor del Banco Nacional de Costa Rica, hasta la desaparicion de este ultimo. Entonces el
Banco Central de Costa Rica opero con sujecion a las disposiciones de ambas leyes: la de
su fundacion y la que regia al Departamento Emisor. El 23 de abril, 1953 fue promulgada la
Ley 1552, denominada Ley Organica del Banco Central de Costa Rica, la cual, fue sustituida
por la Ley 7558 del 3 de noviembre, 1995.
- Croatia - Croatian National Bank
- Cuba - Cuba
Central Bank
Physical Address:
Cuba 402 - Aigar 411,
Municipio Habana Vieja, La Habana, Cuba
Communications Details:
Phone No: +537 60-4811
Fax No: +537 63-4061
- Cyprus - Central Bank of Cyprus
The Central Bank of Cyprus was established in 1963, shortly after Cyprus gained its
independence, as an autonomous institution in accordance with the Central Bank of Cyprus
Law 1963 and relevant articles of the Constitution of the Republic of Cyprus. Since 5 July
2002, the Central Bank of Cyprus has been governed by the Central Bank of Cyprus Law 2002.
This new law ensures the independence of the Central Bank and compatibility with the
relevant provisions of the Treaty establishing the European Community and the Statute of
the European System of Central Banks. At the same time, the pertinent constitutional
provisions were amended so as to ensure central bank independence as prescribed by the
European Union (EU) acquis.
- Czech Republic - Czech National Bank
Mission and functions of the CNB
Monetary stability has an internal dimension (price stability) and an external dimension
(exchange rate stability). Recently, the internal dimension of monetary stability - price
stability - i.e. creation of low-inflation environment has become the primary objective of
central banks. Achieving and maintaining monetary stability is the central bank's ongoing
contribution to the creation of conditions for a sustainable economic growth. Central bank
independence is a prerequisite for the implementation of monetary policy leading to price
stability. The primary aim of monetary policy and the central bank's objective are laid
down in the provisions of Article 98 of the Constitution of the Czech Republic and of
Article 2 of Act No. 6/1993 Coll., on the Czech National Bank. These charge the Bank with
maintaining price stability.
- Democratic Republic of Congo - Central Bank
of Congo
La Banque Centrale du Congo est une institution de droit public dot? d'une autonomie de
gestion , elle a pour l'objet essentiel de maintenir la stabilit?mon?aire par une
politique de cr?it et du change favorable au d?eloppement ?uilibr?de l'?onomie
de la R?ublique D?ocratique du Congo.
- Denmark - National Bank of
Denmark
The overall objectives of Danmarks Nationalbank as an independent and credible institution
are:
- To ensure a stable krone.
- To ensure efficient and secure production and distribution of banknotes and coins of
high quality.
- To contribute to efficiency and stability in the payment and clearingsystems and in the
financial markets.
- To act as banker to the central government.
- To prepare reliable and relevant financial statistics.
- To prepare and communicate credible standpoints on economic and financial issues with
relation to Danmarks Nationalbank's objectives.
- To maintain its financial strength by means of consolidation and risk management.
- Djibouti - National Bank of
Djibouti
La Banque Centrale de Djibouti, Institut d'Emission de la R?ublique de Djibouti, est
cr?e par ordonnance le 3 d?embre 1977.
Son statut d?initif d'Institution Financi?e Nationale dot? de la personnalit?
morale et de l'autonomie administrative et financi?e, fix?par le d?ret 79.030/PR,
est promulgu?le 18 avril 1979. Les missions de la BCD sont d?inies ?l'article
premier de son statut et concernent notamment
- Dominica - Eastern Caribbean
Central Bank
The Eastern Caribbean Central Bank was established in October 1983. It is the Monetary
Authority for a group of eight small island economies namely - Anguilla, Antigua and
Barbuda, Commonwealth of Dominica, Grenada, Montserrat, St. Kitts and Nevis, St. Lucia,
and St. Vincent and The Grenadines.
- Dominican Republic - Central Bank
of the Dominican Republic
Mission:
Regular el sistema monetario y bancario de la Nacion, de conformidad con la Constitucion
de la Republica Dominicana y las Leyes Monetaria y Organica del Banco Central, promoviendo
y manteniendo las condiciones monetarias, cambiarias y crediticias mas favorables a la
estabilidad de precios y desenvolvimiento ordenado de la economia nacional.
- Ecuador - Central Bank of Ecuador
Mision:
Garantizar el funcionamiento del regimen monetario de dolarizacion e impulsar el
crecimiento economico del pais
Vision:
Seremos un banco central integrador e impulsador del crecimiento y desarrollo economico y
social del pais, que lidere los procesos de cambio y constituya el referente tecnico en
dolarizacion, alcanzando y manteniendo indicadores monetarios optimos a nivel
internacional
- Egypt - Central Bank of Egypt (CBE)
The main responsibilities of the CBE are as follows:
A) Issuance of banknotes.
B) Formulating monetary , credit , & banking policy and supervising its
implementation.
C) Maintaining the stability of the Egyptian currency.
D) Management of the State reserves of gold & foreign exchange.
E) Control of banks.
F) Act for the government in managing public debt & advise the government before
concluding local & foreign loans and credit facilities.
- El Salvador - Central Reserve Bank of El
Salvador
Mission:
We are a technical institution, integrated by highly qualified personnel, committed to :
* To promote stability and development of financial system
* To consolidate monetary integration
* To generate and divulgate economic data
Contributing to econommic stability of El Salvador.
- Estonia - Bank of Estonia
Mission of Eesti Pank:
The mission of Eesti Pank as the central bank of Estonia is to strengthen both domestic
and international confidence in the stability and integrity of the Estonian currency and
the Estonian monetary system.
Main Objectives of Eesti Pank:
To ensure the value and integrity of the Estonian kroon in fulfilling the functions of the
currency.
To promote the efficiency and stability and support the development of the Estonian
financial system.
To meet the cash demand of the public.
- Ethiopia - National Bank of Ethiopia
Mission Statement
The National Bank of Ethiopia being the central bank of the country, plays a key role in
the Ethiopian economy by formulating and implementing the country's monetary policy.
- Europe - European Central Bank
Stage One of EMU:
On the basis of the Delors Report, the European Council decided in June 1989 that the
first stage of the realisation of economic and monetary union should begin on 1 July 1990
? the date on which, in principle, all restrictions on the movement of capital between
Member States were abolished. At this time, the Committee of Governors of the Central
Banks of the Member States of the European Economic Community
Stage Two of EMU, establishment of the EMI and the ECB:
The establishment of the European Monetary Institute (EMI) on 1 January 1994 marked the
start of the second stage of EMU and with this the Committee of Governors ceased to exist.
The EMI's transitory existence also mirrored the state of monetary integration within the
Community.
Stage Three of EMU, irrevocable fixing of exchange rates:
On 1 January 1999 the third and final stage of EMU commenced with the irrevocable fixing
of the exchange rates of the currencies of the 11 Member States initially participating in
Monetary Union and with the conduct of a single monetary policy under the responsibility
of the ECB.
- Faroe Islands - Bank of the Faroe
Islands
The activity of the Landsbanki Foroya (The Governmental Bank of the Faroe Islands) is
based on two Logtings Acts: Act No 57 of 29th September 1978 on the Landsbanki Foroya with
later changes and Act No 31 of 21st February 1995 on the Excheckers deposits and loans in
the Landsbank.
The bank is obliged to serve public interests and to work for secure financial conditions
in the Faroes as well as a stable development of the economy.
- Fiji - Reserve Bank of Fiji
Our Vision:
Leading Fiji to Economic Succes
Our Mission:
Enhance our role in the development of the economy
Provide proactive and sound advice to Government
Develop an internationally reputable financial system
Conduct monetary policy to foster economic growth
Disseminate timely and quality information
Recruit, develop and retain a professional team
- Finland - Bank of Finland
The Bank of Finland is Finland?s central bank and a member of the European System of
Central Banks (ESCB).
This link gives information on the Bank of Finland?s status and task, organisation,
contacts and services. Also accessible are press releases, speeches and guidelines issued
by the Bank of Finland and European Central Bank as well as a brief description of
international cooperation..
The Bank of Finland`s introductory brochure and Act on the Bank of Finland is also
available in this section.
- France - Bank of France
History:
1800 Creation of the Banque de France
1808-1936 Extension of the right of note issue Development of the branch network and
diversification
1936-1945 Nationalization
1973 Rewriting the Bank's statutes
1993 A landmark reform grants the Bank independence
1998 Entering the European System of Central Banks
- Gambia -
Central Bank of Gambia
Physical Address:
1-2 Buckle Street
Banjul, Gambia
Communications Details:
Phone No: +220 22-8103
Fax No: +220 22-6969
- Georgia - National Bank of Georgia
The National Bank of Georgia shall ensure the functioning of the monetary system of
Georgia.
The NBG shall develop and implement monetary and exchange rate policies in compliance with
the main directions determined by the Parliament.
The NBG is the bank of all banks, and the banker and fiscal agent of the Georgian
Government.
The NBG shall be independent in its activities. Its rights and obligations, procedures of
activities, as well as guarantee of its independence shall be determined under the organic
law.
The name and unit of money shall be determined by law. The National Bank shall have the
sole right to issue money.
- Germany - Deutsche Bundesbank
The Deutsche Bundesbank, the central bank of the Federal Republic of Germany, is an
integral part of the European System of Central Banks (ESCB).
The Bundesbank participates in the performance of the ESCB's tasks with the primary
objective of maintaining price stability, ensures the orderly execution of domestic and
cross-border payments and contributes to the stability of payment and clearing systems.
The Bundesbank maintains nine Regional Offices in the German federal states.
- Ghana - Bank of Ghana
Our mission is to pursue sound monetary and financial policies aimed at price stability so
as to create an enabling macro-economic environment for the promotion of sustainable
growth.
- Greece - Bank of Greece
the Bank:
- holds and manages the country' s official foreign reserves;
- issues banknotes which have the status of legal tender;
- exercises prudential supervision on credit institutions and other enterprises and
institutions of the financial sector;
- promotes and oversees the smooth operation of payment and clearing systems;
- acts as treasurer and fiscal agent for the government.
- Grenada - Eastern Caribbean
Central Bank
The Eastern Caribbean Central Bank was established in October 1983. It is the Monetary
Authority for a group of eight small island economies namely - Anguilla, Antigua and
Barbuda, Commonwealth of Dominica, Grenada, Montserrat, St. Kitts and Nevis, St. Lucia,
and St. Vincent and The Grenadines.
- Guatemala - Bank of Guatemala
The Bank of Guatemala is an autonomous institution, constituted in 1945 by the Republic of
Guatemala and commissioned to execute monetary policy. It has the corresponding powers and
functions of a central bank. Its objective is to promote, create and maintain the
monetary, credit and exchange conditions which will most favor the orderly development of
the Guatemalan economy.
- Guinea - Central Bank of Guinea
Le projet d'une zone monetaire ouest-africaine
La Communaute des Etats de l'Afrique de l'Ouest, comprenant 16 Etats representes par 9
Banques Centrales, elles-memes couvertes par la Banque Centrale d'Afrique de l'Ouest
(BCEAO), a envisage un programme commun d'integration economique. Ils ont decide d'evoluer
graduellement vers une zone economique et monetaire a l'image de l'Europe.
- Guinea Bissau - Central Bank of West
African States
The Central Bank of West African States is the common central bank of the eight member
states which form the West African Monetary Union. The West African Monetary Union is
characterised by the recognition of a common monetary unit, the Franc of the African
Financial Community. The West African Monetary Union comprises: Benin, Burkina Faso,
Guinea Bissau, Ivory Coast, Mali, Niger, Senegal, and Togo.
- Guyana - Bank of Guyana
The Mission of the Bank of Guyana is to excel in the fostering of price and monetary
stability in Guyana through the promotion of stable credit and exchange conditions
conducive to the growth of the economy; and to accord to the people of Guyana, the highest
possible respect through the development and maintenance of high standards of integrity,
efficiency, competence and expertise in the management of the financial system and the
overall economy.
- Haiti - Bank of Haiti
La Banque de la Republique d?Haiti (BRH) est un organisme public jouissant de la
personnalit?juridique et de l?autonomie financi?e. Son si?e principal est ?
Port-au-Prince; elle peut avoir des agences ou succursales aux lieux d?ign? par son
Conseil d?Administration. Pour l?instant, les succursales de la Banque Nationale de
Cr?it (BNC) en province se chargent de l?accomplissement de certaines t?hes au nom
de la BRH.
- Honduras - Bank of Honduras
Para el ano 2005, el Banco Central de Honduras continuara ejerciendo sus funciones
adaptandose al ambiente economico prevaleciente; habra contribuido a preservar condiciones
macroeconomicas estables y a velar por el buen funcionamiento de los sistemas financiero y
de pagos del pais.
Tendra una organizacion interna adecuada y flexible; contara con sistemas modernos de
informacion; presentara una situacion financiera solida; dispondra de personal altamente
calificado; habra cimentado una cultura de calidad y servicio que estimule la
participacion, el trabajo en equipo, el alto compromiso y el desempeno sobresaliente de su
personal.
- Hungary - National Bank of Hungary (Magyar
Nemzeti Bank)
The National Bank of Hungary regularly publishes on its web site a report on the Hungarian
banking sector. Nevertheless, information about banks considered individually will not be
released. Should you have any questions please contact the commercial banks.
The NBH supervises only those areas of activities defined by the Central Bank Act.
All information regarding withdrawn notes and coins can be found in the "Notes and
Coins" section of the web site.
- Iceland - Central Bank of Iceland
The Central Bank of Iceland (Se?labanki Islands) is an independent institution, owned by
the Icelandic state but under separate administration. The Central Bank is in charge of
monetary policy implementation in Iceland.
In addition, the Central Bank undertakes standard central banking tasks, such as
maintaining external reserves and promoting an efficient and safe financial system,
including payment systems domestically and with foreign countries. It is also responsible
for the issue of notes and coin, exchange rate matters and other duties.
- India - Reserve Bank of India
Established on April 1, 1935 in accordance with the provisions of the Reserve Bank of
India Act, 1934.
Central Office at Mumbai since inception
Though originally privately owned, since nationalisation in 1949 fully owned by the
Government of India
The Preamble prescribes the objective as:
"-to regulate the issue of Bank Notes and keeping of reserves with
a view to securing monetary stability in India and generally to operate
the currency and credit system of the country to its advantage."
- Indonesia - Bank of Indonesia
Mission:
To achieve and maintain rupiah stability by maintaining monetary stability and by
promoting financial system stability for Indonesia-s long term sustainable development
Vision:
To be recognized, domestically and internationally, as a credible central bank through the
strength of our values and achievement of low, stable rates of inflation
- Iran - Central Bank of Iran
The Central Bank of Iran (CBI) was established in 1960 (1339 solar year). As stated in the
Monetary and Banking Act of Iran (MBAI), CBI is responsible for the design and
implementation of the monetary and credit policies with due regard to the general economic
policy of the country. Four major objectives of CBI as stated in the MBAI are:
- Maintaining the value of national currency
- Maintaining the equilibrium in the balance of payments
- Facilitating trade-related transactions
- Improving the growth potential of the country
- Ireland - Central Bank of Ireland
The Central Bank of Ireland, which came into being in 1943, was re-structured and re-named
as the Central Bank and Financial Services Authority of Ireland on 1 May 2003. This
followed the passing of the Central Bank and Financial Services Authority of Ireland Act,
2003. The Act placed the supervision of all financial institutions operating in Ireland
under an autonomous body ? the Irish Financial Services Regulatory Authority ? which was
established within the Central Bank and Financial Services Authority of Ireland ('the
Central Bank'). Apart from this change of financial supervision, all other functions of
the Central Bank remain unaltered.
- Israel - Bank of Israel
Under the provisions of the Bank of Israel Law, The Banking Law, and the Currency Control
Law, the Bank of Israel has a range of responsibilities. The main ones are listed below.
- Regulating and directing monetary policy
- Economic advisor to the government
- Foreign Currency Market and Managing the foreign exchange reserves
- Monitoring and Analyzing Foreign Exchange Activity
- Banking supervision
- Promoting Financial Stability
- Currency Issue
- Banker of the government and of the banks
- Representing Israel in international institutions
- Italy - Bank of Italy
- Ivory Coast - Central Bank of West
African States
The Central Bank of West African States is the common central bank of the eight member
states which form the West African Monetary Union. The West African Monetary Union is
characterised by the recognition of a common monetary unit, the Franc of the African
Financial Community. The West African Monetary Union comprises: Benin, Burkina Faso,
Guinea Bissau, Ivory Coast, Mali, Niger, Senegal, and Togo.
- Japan - Bank of Japan
The Bank of Japan's missions are to maintain price stability and to ensure the stability
of the financial system, thereby laying the foundations for sound economic development. To
fulfill these two missions, the Bank conducts the following activities.
A. Issuance and Management of Banknotes
B. The Conduct of Monetary Policy
C. Providing Settlement Services and Ensuring the Stability of the Financial System
D. Treasury and Government Securities-Related Operations
E. International Activities
F. Compilation of Data, Economic Analyses and Research Activities
- Jordan - Central Bank of Jordan
Jordan set out preparations to establish the Central Bank of Jordan (CBJ) in the late
1950s. The Law of the CBJ was enacted in 1959. Thereafter, its operational procedures were
commenced on the first day of October 1964. The CBJ succeeded the Jordan Currency Board
which had been established in 1950. The capital of the CBJ, which is totally owned by the
government, was increased gradually, from one million to 18 million Jordanian Dinars. The
CBJ enjoys the status of an independent and autonomous corporate body, although its
capital is owned entirely by the government.
- Kazakhstan - National Bank of
Kazakhstan
- Kenya - Central Bank of Kenya
The Central Bank plays a unique role in the economy and performs various functions not
normally carried out by commercial banks. Over time the functions of the Bank have evolved
with the changing economic conditions. As stipulated in the Central Bank of Kenya
(Amendment Act), 1996 its main task is that of "maintaining price stability and
fostering liquidity, solvency and proper functioning of a stable market-based financial
system". It is therefore responsible for formulating and executing monetary policy,
supervising and regulating depository institutions, assisting the Government?s financing
operations and serving as Government banker, in line with contemporary central banking
practice the world over.
- Korea - Bank of Korea
FUNCTION:
Issuing Banknotes and Coins
Formulating and Implementing
Monetary and Credit Policy
Acting as the Bankers Bank
Serving as the Government Bank
Developing and Managing Payment Systems
Managing Official Foreign Exchange Reserves
Exercising Certain Bank Supervisory Functions
Compilation of Statistics and Economic Research
- Kuwait - Central Bank of Kuwait
The Central Bank of Kuwait was established in 1969 with a mission to lay the foundations
and maintain a flexible and stable monetary financial system in the State of Kuwait.
CBK's objectives include:
- Issue the Kuwaiti Dinar on behalf of the State of Kuwait.
- Direct credit policy to assist social and economic progress.
- Assist the growth of the national income.
- Control the banking system in the country.
- Kyrgyzstan - National Bank of Kyrgyzstan
The National Bank of the Kyrgyz Republic carries out such functions as:
1)development, determination and conducting of the monetary policy in the Kyrgyz Republic;
2)implementation of adjustment and supervision of activities of banks, financial-credit
institutions licensed by the National Bank of the Kyrgyz Republic;
3)working out and implementation of unified exchange rate policy;
4)possession of an exclusive right to issue bank notes;
5)promotion of effective functioning of the payment system;
6)establishment of rules to conduct the banking transactions, accounting and reporting for
the banking system.
- Latvia - Bank of Latvia
The Bank of Latvia is the central bank of the Republic of Latvia. It is one of the key
public institutions and carries out economic functions as prescribed by law.
The principal objective of the Bank of Latvia is to regulate currency in circulation by
implementing monetary policy to maintain price stability in Latvia.
- Lebanon - Bank of Lebanon (Banque du
Libon)
The Banque du Liban was established by the Code of Money and Credit promulgated on 1st
August 1963, by Decree no. 13513. It started to operate effectively on 1st April, 1964.
BDL is a legal public entity enjoying financial and administrative autonomy. It is not
subject to the administrative and management rules and controls applicable to the public
sector. Its capital is totally appropriated by the State.
- Lesotho - Central Bank of
Lesotho
The Central Bank of Lesotho (CBL) was first established as the Lesotho Monetary Authority
in 1978, under the Lesotho Monetary Authority Act of 1978. It started its operations on
January 2nd 1980. In 1982, through the Act of Parliament, the name Lesotho Monetary
Authority was changed to the Central Bank of Lesotho (CBL) and additional functions and
responsibilities were prescribed to the new institution. In August 2000, the Central Bank
of Lesotho Act of 2000 came into force. This new Act has conferred considerable autonomy
to the Central Bank and defines a singular objective for the Bank.
- Libya - Central Bank of Libya
The Central Bank of Libya ( CBL ) is 100% state ownership and represents the monetary
authority in The Great Socialist People?s Libyan Arab Jamahiriya and enjoys the status
of autonomous corporate body . The law establishing the CBL stipulates that the objectives
of the Central Bank shall be to maintain monetary stability in Libya , and to promote the
sustained growth of the economy in accordance with the general economic policy of the
state .
- Lithuania - Bank of Lithuania
The Bank of Lithuania is the central bank of the Republic of Lithuania. Its principal
objective is to seek price stability. In seeking its principal objective, the Bank of
Lithuania is independent from the Government of the Republic of Lithuania or other
institutions of the state.
- Luxembourg - Central Bank of Luxembourg
1945 Establishment of the Banking Supervisory Commissioner (Commissaire au Controle des
Banques)
1 June 1983 Creation of the Luxembourg Monetary Institute (Institut Monetaire
Luxembourgeois, IML) (law of 20 May 1983)
1 June 1998 Creation of the Central Bank of Luxembourg (Banque centrale du Luxembourg,
BCL), successor to the IML. According to the law of 22 April 1998, the BCL is integrated
within the European System of Central Banks (ESCB), also established on 1 June 1998.
1 January 1999 Coming into effect of the new organic law of the Central Bank of Luxembourg
(law of 23 December 1998) and start of the Bank's operations.
18 May 2001 Inauguration of the Banque centrale du Luxembourg
- Macau - Monetary Authority of Macau
(AMCM)
AMCM Goals:
In accordance with its Statute as approved by Decree-Law no.14/96/M of 11th March, the
"Autoridade Monetaria de Macau" (AMCM)1, is endowed with the following powers,
amongst others:
a) To advise and assist the Chief Executive in formulating and applying monetary,
financial, exchange rate and insurance policies;
b) To guide, co-ordinate and oversee the monetary, financial, foreign exchange and
insurance markets, ensure their smooth operation and supervise the actions of those
operating within them according to the terms established in the regulatory statutes
governing each respective area;
c) To monitor internal monetary stability and the external solvency of the local currency,
ensuring its full convertibility;
d) To exercise the functions of a central monetary depository and manage the territory's
currency reserves and other foreign assets;
e) To monitor the stability of the financial system.
- Macedonia - National Bank of Macedonia
NAME: National Bank of the Republic of Macedonia
ADDRESS: P.O. Box 401 Kompleks banki b.b. 1000 Skopje Republic of Macedonia
TELEPHONE: + 389 2 108 108 switch board
FACSIMILE: + 389 2 108 357 central
- Malawi - Reserve Bank of Malawi
As the central bank of the Republic of Malawi, we are committed to promoting overall
financial - system soundness and monetary stability. In pursuing this goal, we shall
endeavour to carry out our duties professionally and exclusively in the long-term interest
of the national economy. To achieve this, we shall be a team of professionals dedicated to
international standards in the delivery of our services.
- Malaysia - Central Bank of Malaysia
(Bank Negara)
Bank Negara Malaysia is the central bank for Malaysia. It was established on 26 January
1959, under the Central Bank of Malaya Ordinance, 1958, with the following objectives:
- To issue currency and keep reserves safeguarding the value of the currency;
- To act as a banker and financial adviser to the Government;
- To promote monetary stability and a sound financial structure; and
- To influence the credit situation to the advantage of the country.
- Maldives - Maldives Monetary Authority
The Maldives Monetary Authority (MMA) was established on 1st July 1981, and is endowed
with the regular powers and obligations of a central bank under the mandate provided by
the MMA Act (1981). To this effect, the MMA issues currency, regulates the availability of
the Maldivian rufiyaa and promotes its stability, licenses, supervises and regulates
institutions in the financial sector, formulates and implements monetary policy, and
advises the Government on issues relating to the economy and financial system in order to
foster an environment conducive to the orderly and balanced economic development of the
Maldives.
- Mali - Central Bank of West African
States
The Central Bank of West African States is the common central bank of the eight member
states which form the West African Monetary Union. The West African Monetary Union is
characterised by the recognition of a common monetary unit, the Franc of the African
Financial Community. The West African Monetary Union comprises: Benin, Burkina Faso,
Guinea Bissau, Ivory Coast, Mali, Niger, Senegal, and Togo.
- Malta - Central Bank of Malta
The role of central banks in national economies has evolved over time to embrace two key
areas of responsibility: the formulation and implementation of monetary policy and the
promotion of a sound and efficient financial system.
Our Mission:
To maintain price stability and to ensure a sound financial system, thereby contributing
to sustainable economic development.
- Mauritiana - Central Bank of Mauritiana
- Mauritius - Bank of Mauritius
The Bank of Mauritius Act 1966 (as amended) lays down the purposes of the Bank which are
to 'safeguard the internal and external value of the currency of Mauritius and its
internal convertibility' and to 'direct its policy towards achieving monetary conditions
conducive to strengthening the economic activity and prosperity of Mauritius.'
The Bank has been set up as the authority which is responsible for the formulation and
execution of monetary policy consistent with stable price conditions. It also has
responsibility for safeguarding the stability and strengthening of the financial system of
Mauritius.
- Mexico - Bank of Mexico
Banco de M?ico a trav? de su p?ina de Internet publica informaci? econ?ica,
resultados de encuestas, reportes anal?icos, y diversas publicaciones sobre la econom?
mexicana. Adicionalmente, la biblioteca de Banco de M?ico contiene una amplia colecci?
bibliogr?ica (aprox. 130,000 vol?enes) y hemerogr?ica (800 t?ulos) que se
encuentra a disposici? del p?lico general. La biblioteca se ubica en Marconi #2, Col.
Centro, M?ico D.F. 06059. El horario de servicio al p?lico es de 9 a 17 horas en d?s
h?iles.
- Micronesia - Bank of the Federated States
of Micronesia
- Moldova - National Bank of Moldova
The National Bank of Moldova is a legal, public, autonomous person responsible to the
Parliament. The main objective of the NBM is the achievement and maintenance of the
stability of the national currency. The National Bank cooperates with the Government with
the view to achieving its objectives and, according to the Law, undertakes the necessary
measures to implement such cooperation. The NBM periodically informs the public about
macroeconomic analysis, financial market evolution and statistic data, including on money
supply, credit granting, balance of payments and foreign exchange market.
- Mongolia - Bank of Mongolia
In 1991 a completely new 2 level banking system was established in Mongolia: State bank of
Mongolia "Bank of Mongolia" and commercial banks. Since it's establishment the
Bank of Mongolia has been influencing and contributing real efforts on the economy of the
country as maintaining the tight monetary policy aimed at the stabilisation of the value
of the currency and reduction of the inflation rate in the unstable transitional period.
- Montserrat - Eastern Caribbean
Central Bank
The Eastern Caribbean Central Bank was established in October 1983. It is the Monetary
Authority for a group of eight small island economies namely - Anguilla, Antigua and
Barbuda, Commonwealth of Dominica, Grenada, Montserrat, St. Kitts and Nevis, St. Lucia,
and St. Vincent and The Grenadines.
- Morocco - Bank Al-Maghrib
MAIN FUNCTIONS OF THE BANK
- Carrying out the privilege of currency issue.
- Safeguarding currency stability and its convertibility.
- Developing the money market in connection with money stability and ensuring its
regulation.
- Management of public exchange reserves.
- Ensuring banking supervision.
- Financial agent of the Treasury .
- Elaboration of financial and monetary statistics
- Mozambique - Bank of Mozambique
Av. 25 de Setembro 1695, 4th floor, phone 424895, fax 422011, POBox 423
- Myanmar/Burma
- Central Bank of Myanmar
Physical Address:
24/26 Sule Pagoda Road, PO Box 184, Yangon (Rangoon), Myanmar
Communications Details:
Phone No: +95 1 85-300
- Namibia - Bank of Namibia
Mission:
The mission of the Bank of Namibia is to promote monetary and financial stability in the
interest of the Nation's sustainable economic growth and development.
Vision:
Our vision is to be a centre of excellence - a professional and creditable institution, a
leader in the areas of economics, banking and finance, driven by competent and dedicated
staff.
- Nepal - Nepal Rastra Bank
Nepal Rastra Bank (NRB), the Central Bank of the Kingdom of Nepal, was established in 1956
to discharge the central banking responsibilities including guiding the development of the
embryonic domestic financial sector. Since then, there has been a huge growth in both the
number and the activities of the domestic financial institutions.
- Netherlands - Bank of the Netherlands
An historic occasion
On 2 May 1998, the European heads of state or government decided that Economic and
Monetary Union (EMU) will set off on 1 January 1999 with eleven Member States of the
European Union (EU), the Netherlands included. As from 1 June 1998, the Dutch central
bank, De Nederlandsche Bank N.V., forms part of the European System of Central Banks
(ESCB). On that same day, the new Bank Act (of 1998) came into force. Nearly 185 years
into its existence, the Nederlandsche Bank has entered a new phase.
- Netherlands Antilles - Bank of the
Netherlans Antilles
The Bank?s most important objectives are to maintain the external stability of the
Netherlands Antillean guilder (NAf.) and to promote the efficient functioning of the
financial system in the Netherlands Antilles.
To realize these objectives, the Bank, as supervisory authority, has frequently recurred
to credit control measures and/or to changing the discount rate.
- New Zealand - Reserve Bank of New
Zealand
The Reserve Bank of New Zealand is New Zealand's central bank and has three main
functions. These are:
- operating monetary policy to maintain price stability;
- promoting the maintenance of a sound and efficient financial system; and
- meeting the currency needs of the public.
- Nicaragua - Bank of Nicaragua
The Central Bank of Nicaragua has created this WEB site in English with the hope that
anyone interested in the economy and finances of Nicaragua will find pertinent information
that will help create a clearer understanding of the challenges and accomplishments of the
country in the past few years.
- Niger - Central Bank of West African
States
The Central Bank of West African States is the common central bank of the eight member
states which form the West African Monetary Union. The West African Monetary Union is
characterised by the recognition of a common monetary unit, the Franc of the African
Financial Community. The West African Monetary Union comprises: Benin, Burkina Faso,
Guinea Bissau, Ivory Coast, Mali, Niger, Senegal, and Togo.
- Nigeria - Central Bank of Nigeria
Vision & Mission:
"To be one of the most efficient and effective world's central banks in promoting and
sustaining economic development."
"To be proactive in providing a stable framework for the economic development of
Nigeria through the effective, efficient and transparent implementation of monetary and
exchange rate policy and management of the financial sector."
- Norway - Central Bank of Norway
(Norges Bank)
Norges Bank shall work within the guidelines laid down by the political authorities and
shall help to promote confidence in the Norwegian economy and its financial system.
- Oman - Central Bank of Oman
The Central Bank of Oman was established vide a Royal Decree promulgated in December 1974
and commenced operations on April 1st 1975 in accordance with provisions defined in the
Banking Law of 1974. The Central Bank is committed to excellence in promoting monetary and
financial stability and fostering a sound and progressive financial sector, to achieve
sustained economic growth for the benefit of the nation.
- Pakistan - State Bank of Pakistan
State Bank of Pakistan (SBP) which is the Central Bank of the country has been interalia
entrusted with the responsibility for an ongoing effective supervision of the banking
sector. The relevant provisions of law which vest powers in State Bank of Pakistan (SBP)
to carry out inspection of banks are contained in the Banking Companies Ordinance, 1962.
Besides, State Bank of Pakistan Act, 1956 and the Bank?s Nationalization Act, 1974, The
Financial Institutions (Recovery of finances) Ordinance, 2001, Companies Ordinance, 1984
and Statutory Regulatory Orders (SROs) are the relevant legislations, which cover the
activities concerning the banking sector.
- Palestine - Palestine Monetary Authority
The Palestinian Monetary Authority (PMA) supervises banking activities in accordance with
the needs of the Palestinian economy. Working as the "bank of banks", the PMA
issues permits and supervises banks and other financial institutions, toe ensure
compliance with the laws and regulations and their financial solvency. The PMA has the
authority to levy penalties on banks who do not comply with the regulations.
The PMA also formulates monetary and foreign currency policies and implements them
according to the laws of the land. It also acts as financial and economic consultant, as
well as a financial agent to the Palestinian National Authority (PNA). The PMA maintains
foreign currency reserves of the PNA and all public institutions, and regulates money
supply and currencies with the aim of stabilising exchange rates.
- Panama - National Bank of Panama
(Banco Nacional de Panama)
Objetivos y Funciones
Tiene como finalidad impulsar el desarrollo de la economia nacional.
En base a este objetivo, asume la responsabilidad de estimular las actividades
comerciales, industriales, agricolas, ganaderas, pesqueras, de construccion y de consumo
personal. Todo este esfuerzo productivo lo realiza la Institucion a traves de su enfoque
tridimensional de banco comercial, banco gubernamental y banco de fomento.
- Papua New Guinea - Bank of Papua New
Guinea
FUNCTIONS OF THE BANK OF PAPUA NEW GUINEA
Pursuant to its objectives the Central Bank:
(a) issues currency;
(b) is the banker and financial agent to the Government;
(c) regulate banking and other financial services as empowered by this Act or by other law
of the Independent State of Papua New Guinea;
(d) manage the gold, foreign exchange and other international reserves of Papua New
Guinea;
(e) perform any function conferred on it by any international agreement to which Papua New
Guinea is a party ; and
(f) perform any other function conferred on it or under any other law of Papua New Guinea.
- Paraguay - Central Bank of Paraguay
BANCO CENTRAL DEL PARAGUAY
Federacion Rusa y Sargento Marecos
Asuncion, Paraguay
Tel./Fax: (595 21) 610 088
- Peru - Central Reserve Bank of Peru
The Reserve Bank of Peru was created on March 9, 1922, and started operations in the month
of April of the same year. On April 28, 1931, it became the Central Reserve Bank of Peru
(BCRP), following the recommendation of Professor Edwin Kemmerer, who stressed that a
central bank's main target should be monetary stability.
- Philippines - Central Bank of
Philippines
Vision
The BSP, imbued with the values of integrity, excellence and patriotism, aims to be a
world-class monetary authority and a catalyst for a globally competitive economy and
financial system that delivers a high quality of life for all Filipinos.
Mission
BSP is committed to promote and maintain price stability and provide proactive leadership
in bringing about a strong financial system conducive to a balanced and sustainable growth
of the economy. Towards this end, it shall conduct sound monetary policy and effective
supervision over financial institutions under its jurisdiction.
- Poland - National Bank of Poland
As the central bank of the Republic of Poland, the National Bank of Poland shall take
actions seeking monetary stability and stability of the financial system, aiming to create
the foundations of long-term economic growth.
The NBP's tasks and shape of the banking system are as specified in Art. 227 of the
Constitution of the RP and by the Act on the National Bank of Poland and the Banking Act,
passed by Parliament (the Sejm) on 29 August 1997.
- Portugal - Bank of Portugal
The history of the Banco de Portugal shows how its functions and responsibilities have
changed over the years in order to meet the needs of the economy and society.
Today, the Banco de Portugal, today an integral part of the European System of Central
Banks (ESCB) operates in an international and, mostly, European environment marked by the
Economic and Monetary Union (EMU).
- Qatar - Qatar Central Bank
Qatar Central Bank has the pleasure to provide the visitors of its website with data and
information related to its various activities.
It is worth noting that QCB will keep on updating this information when necessary.
QCB expects from its website visitors to send e-mails for explanations about,or comments
on,QCB policies and activities on its e-mail address.
- Romania - National Bank of Romania
The NATIONAL BANK OF ROMANIA (NBR), the country's central bank, is the sole issuer of
notes and coins to be used as legal tender on the territory of Romania.
The domestic currency unit is the leu, with its fractional coin, the ban.
- Russia - Central Bank of Russia
The Central Bank of the Russian Federation (Bank of Russia) was founded on July 13, 1990,
on the basis of the Russian Republic Bank of the State Bank of the USSR. Accountable to
the Supreme Soviet of the RSFSR, it was originally called the State Bank of the RSFSR.
The long-term goals of the continuing banking sector reform in Russia are to enhance
stability of the banking system, improve the banking sector's performance in accumulating
household savings and corporate funds and transforming them into loans and investments and
prevent the use of credit institutions for unfair commercial purposes.
- Rwanda - National Bank of Rwanda
La Banque Nationale du Rwanda a vu le jour le 24 avril 1964. Cependant, l'histoire
monetaire du Rwanda a connu beaucoup de peripeties depuis l'introduction de la monnaie sur
son territoire au 19eme siecle.
La loi portant Statuts de la Banque Nationale du Rwanda a ete promulguee par le President
de la Republique le 26 juillet 1997
- Samoa - Central Bank of Samoa
The Central Bank of Samoa is the nations's reserve bank and, as such, it acts as banker to
the Government and the commercial banks and operates under the following main functions:
- regulating the issue supply availability and international exchange of money;
- advising the government on banking and monetary matters;
- promoting internal and external monetary stability;
- promoting a sound financial structure;
- promote credit and exchange conditions conducive to the orderly and balanced economic
development of Samoa;
- supervising and regulating banking business and the extension of credit;
- and implementing counter measures against money laundering such as to deter, detect and
criminalized money laundering activities.
- San Marino - San Marino Credit Institute
(Istituto di Credito Sammarinese)
The Istituto di Credito Sammarinese is San Marino's Central Bank.
- Saudi Arabia - Saudi Arabian Monetary
Agency
Saudi Arabian Monetary Agency (SAMA), the central bank of the Kingdom of Saudi Arabia, was
established in 1952.
Functions:
- Issues national currency, the Saudi Riyal.
- Acts as a banker to the government.
- Supervises commercial banks.
- Manages Kingdom?s foreign exchange reserves.
- Conducts monetary policy for promoting price and exchange rate stability.
- Promotes the growth and ensures the soundness of the financial system.
- Senegal - Central Bank of West African
States
The Central Bank of West African States is the common central bank of the eight member
states which form the West African Monetary Union. The West African Monetary Union is
characterised by the recognition of a common monetary unit, the Franc of the African
Financial Community. The West African Monetary Union comprises: Benin, Burkina Faso,
Guinea Bissau, Ivory Coast, Mali, Niger, Senegal, and Togo.
- Seychelles - Central Bank of Seychelles
The Central Bank of Seychelles was established on January 1, 1983 when it took over the
functions and responsibilities of the Seychelles Monetary Authority. Prior to that, there
existed a currency commission made up of two members, the Financial Secretary and the
Accountant General.
By 1982 the Monetary Authority had taken over from Barclays Bank International Ltd now
Barclays Bank (Seychelles) Ltd, full responsibility for the day to day operations of the
main central government accounts. On December 29, 1982, the Central Bank of Seychelles Act
was enacted, providing for the establishment of the Central Bank of Seychelles with effect
from January 1, 1983.
- Sierra Leone - Bank of Sierra
Leone
Bank of Sierra Leone Siaka Stevens Street Freetown Sierra Leone Tel: +232 22 226501 Fax:
+232 22 224764
- Singapore - Monetary Authority of
Singapore
MAS' Mission:
To promote sustained and non-inflationary growth of the economy as well as foster a sound
and progressive financial services sector.
- Slovakia - National Bank of Slovakia
The National Bank of Slovakia (NBS) is the independent central bank of the Slovak
Republic. It was established on January the 1st 1993 by the National Bank of Slovakia Act
No. 566/1992 which declares its legal status, functions and tasks.
The primary objective of the National Bank of Slovakia shall be to maintain price
stability.
- Slovenia - Bank of Slovenia
The Bank of Slovenia is the bank of issue and the central bank of the Republic of
Slovenia. It was established on June 25, 1991 when the Parliament of the Republic of
Slovenia promulgated the central bank act, the Law on the Bank of Slovenia.
The Bank's primary task is to take care of the stability of the domestic currency and to
ensure the liquidity of payments within the country and with foreign countries. The Bank
is a non-governmental independent institution; it is obliged to present a report on its
operation to the Parliament once every six months. It is the bank of banks and the lender
of last resort, it is the supervisor of the banking system (but not of other financial
intermediaries non-banks). The Bank is the banker of the government and conducts no
corporate business and none with natural persons. The bank is not allowed to take up loans
abroad for its own account, nor for the account of third persons.
- Solomon Islands - Central Bank of
Solomon Islands
Central Bank of Solomon Islands (CBSI) was established in February 1983 under the Central
Bank of Solomon Islands Act 1976 which was amended in 1985 to, amongst other things,
strengthen the Bank?s supervisory capabilities and expand its central banking functions.
The central bank of Solomon Islands is the premier financial institution in an economy.
Its primary functions are to formulate and implement monetary policies and to exercise
discretionary control over the monetary system.
- Somalia -
Central Bank of Somalia
Postal Address: PO Box 11, Corso, Somalia 55
Communications Details: Phone No: +252 1 215-241; Fax No: +252 1 215-026
- South Africa - South African
Reserve Bank
Mission:
The South African Reserve Bank (the SARB) is the central bank of the Republic of South
Africa. It regards its primary goal in the South African economic system as "the
achievement and maintenance of financial stability".
- Spain - Bank of Spain
The start of the Stage Three of Economic and Monetary Union (EMU) on January 1st, 1999 and
the institution of the European System of Central Banks (ESCB) and the European Central
Bank (ECB) have meant that several of the functions traditionally performed by the
national central banks of the euro-area countries have had to be re-defined.
Without prejudice to the foregoing, the Banco de Espana shall adopt the necessary
regulations for the exercise of its functions. Regulations relating to monetary policy
shall be called Circulares monetarias and regulations for the exercise of the rest of its
powers shall be called Circulares. Both shall be published in the Boletin Oficial del
Estado.
- Sri Lanka - Central Bank of
Sri Lanka
Established in 1950 under the Monetary Law Act No.58 of 1949 (MLA), the Central Bank of
Sri Lanka (CBSL) is the apex institution in the financial sector in Sri Lanka. It is a
semi-autonomous body and following the amendments to the MLA in December 2002, is governed
by a five member Monetary Board, comprising the Governor of the Central Bank as Chairman,
the Secretary to the Ministry of Finance and Planning and three members appointed by the
President of Sri Lanka, on the recommendation of the Minister of Finance, with the
concurrence of the Constitutional Council.
- St. Kitts & Nevis -
Eastern Caribbean Central Bank
The Eastern Caribbean Central Bank was established in October 1983. It is the Monetary
Authority for a group of eight small island economies namely - Anguilla, Antigua and
Barbuda, Commonwealth of Dominica, Grenada, Montserrat, St. Kitts and Nevis, St. Lucia,
and St. Vincent and The Grenadines.
- St. Lucia - Eastern Caribbean
Central Bank
The Eastern Caribbean Central Bank was established in October 1983. It is the Monetary
Authority for a group of eight small island economies namely - Anguilla, Antigua and
Barbuda, Commonwealth of Dominica, Grenada, Montserrat, St. Kitts and Nevis, St. Lucia,
and St. Vincent and The Grenadines.
- St. Vincent & The
Grenadines - Eastern Caribbean Central Bank
The Eastern Caribbean Central Bank was established in October 1983. It is the Monetary
Authority for a group of eight small island economies namely - Anguilla, Antigua and
Barbuda, Commonwealth of Dominica, Grenada, Montserrat, St. Kitts and Nevis, St. Lucia,
and St. Vincent and The Grenadines.
- Sudan - Central Bank of Sudan
Mailing Address:
Gamaa Avenue, P.O. Box: 313, Khartoum, Sudan
- Suriname - Central Bank of Suriname
Centrale Bank van Suriname (CBvS) opened its doors on the 1st of April 1957 and has
fulfilled an important role in the financial and monetary activities in Suriname ever
since.
Centrale Bank van Suriname is unique within the Surinamese economy and cannot be simply
compared to commercially based banks.
- Swaziland - Central Bank of
Swaziland
MISSION:
To contribute to Swaziland's national economic development through promotion of monetary
stability and by fostering an environment which ensures a stable and a sound financial
system.
- Sweden - Riksbank
As the central bank, the Riksbank is responsible for Sweden?s monetary policy. The
policy objective is price stability, which amounts to keeping inflation (the average rate
of price increases) low and stable. This is specified as keeping inflation at 2 per cent,
with a deviation interval of ?1 percentage point. That is the Riksbank?s way of
safeguarding the value of money.
- Switzerland - Swiss National Bank
The Swiss National Bank conducts the country's monetary policy as an independent central
bank. In conjunction with fiscal and competition policy, this serves to create an
appropriate environment for economic growth. The National Bank is obliged by Constitution
and statute to act in accordance with the interests of the country as a whole. It
considers price stability to be a primary goal.
- Syria - Central
Bank of Syria
The Central Bank of Syria was established by Legislative Decree No. ( 87 ) dated 28/3/1953
which included the Basic Monetary System of Syria . The Bank started its operations on the
first of August 1956, with its headquarters in the city of Damascus , and 11 branches
located in the provincial capitals of Syria.
The bank is managed by the Governor who heads the Administration Committee. The Committee
includes one Deputy Governor and three Executive Directors.The Governors insure the
compliance with the laws and basic rules and regulations of the Bank.
- Tanzania - Bank of Tanzania
Due to increasing evidence of the negative effects of inflation in recent years, there has
emerged a growing consensus throughout the world that a monetary policy geared towards the
pursuit of Price Stability in the longer term is the Central Bank's most significant
contribution to achieving maximum growth for a nation's economic prosperity. Furthermore,
experience suggests one important rule: a Central Bank with too many things to do, is
likely to find itself doing none of them well. This is exactly what happened with the Bank
of Tanzania, which did not succeed in achieving its multiple-policy objectives
- Thailand - Bank of Thailand
The Bank of Thailand was first set up as the Thai National Banking Bureau. The Bank of
Thailand Act was promulgated on April 28,1942 vesting upon the Bank of Thailand the
responsibility for all central banking functions. The Bank of Thailand started operations
on December 10,1942
- Togo - Central Bank of West African
States
The Central Bank of West African States is the common central bank of the eight member
states which form the West African Monetary Union. The West African Monetary Union is
characterised by the recognition of a common monetary unit, the Franc of the African
Financial Community. The West African Monetary Union comprises: Benin, Burkina Faso,
Guinea Bissau, Ivory Coast, Mali, Niger, Senegal, and Togo.
- Tunisia - Central Bank of Tunisia
General task
The Central Bank general assignment is to defend the internal and the external value of
the national currency and preserve its stability.
In this context, it controls the monetary circulation and credit allocation by means of
indirect instruments of monetary policy and sees to the smooth functioning of the
financial and the banking system.
- Turkey - Central Bank of Turkey
The primary objective of the Bank shall be to achieve and maintain price stability.
Ownership : Established as a joint-stock company, majority of shares belonging to Treasury
(%54,73)
- U.S.A. - Federal Reserve System
The Federal Reserve, the central bank of the United States, was founded by Congress in
1913 to provide the nation with a safer, more flexible, and more stable monetary and
financial system.
- Uganda - Bank of Uganda
Our Mission: To foster price stability and a sound financial system.
Our Vision: A monetary institution which upholds international best practice in fostering
price stability and a sound financial system that enable macro-economic stability,
economic growth and poverty eradication.
- Ukraine - National Bank of Ukraine
The main function of the National bank of Ukraine as the country's central bank is to
ensure the stability of the national currency - hryvnia.
The National bank of Ukraine keeps the State Register of Banks, Foreign Currency Exchanges
and other Financial Institutions.
Ukrainian commercial banks and foreign banks may be engaged in banking activities only
after having been registered in the State Register of Banks.
The National Bank maintains relations with other countries' central banks, international
banks and other financial institutions on behalf of Ukraine.
- United Arab Emirates - Central Bank of
the United Arab Emirates
There are many aspects to the role the Central Bank plays in supporting the national
economy of the United Arab Emirates.
In addition to acting as the bank to the other banks operating in the country, it is also
the banker and financial advisor to the Government.
It is the responsibility of the Central Bank to formulate and implement the country's
Banking, Credit and Monetary Policy in order to realize and achieve the Economic Policy
objectives, including price stability, and to support the U.A.E. dirham, guaranteeing its
value, stability and its free convertibility into all currencies.
- United Kingdom - Bank of
England
The Bank of England is the central bank of the United Kingdom. Sometimes known as the 'Old
Lady' of Threadneedle Street, the Bank was founded in 1694, nationalised in 1946, and
gained operational independence in 1997. Standing at the centre of the UK's financial
system, the Bank is committed to promoting and maintaining a stable and efficient monetary
and financial framework as its contribution to a healthy economy.
- Uruguay - Central Bank of Uruguay
Funciones de la Superintendencia de Seguros y Reaseguros:
- Definicion de normas y estudio del marco juridico vinculado al sector asegurador
- Analisis de mercado y productos
- Analisis de relaciones tecnicas: primas suficientes, nivel de reservas tecnicas
adecuadas, e inversiones con la diversificacion y liquidez que requiere el giro
- Autorizaciones y registros
- Fiscalizacion y control de entidades
- Procesamiento y publicidad de informacion
- Venzuela - Bank of Venzuela
MISSION:
The Banco Central de Venezuela is a legal body subject to public law. It independently
devises and exercises all policies which fall into its remit, and carries out its
functions according to general economic policy in order to achieve the overarching
objectives of the State of the Nation.
- West Indies - Bank of Jamaica
The Bank of Jamaica, established by the Bank of Jamaica Law (1960), be |
