• 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), began operations in May 1961, terminating the Currency Board System which had been in existence from 1939. The establishment of the Central Bank was in recognition of the need for an appropriately regulated financial structure to encourage the development process, particularly as Jamaica was about to embark on the road to political independence.
  
  
• West Indies - Barbados - Central Bank of Barbados
  The Mission of the Central Bank of Barbados is to foster a sound economic and financial environment which promotes the development of its stakeholders and encourages a culture of excellence and leadership.
  The Central Bank of Barbados was established in May 1972 by the Government of Barbados to advance the pace of economic development in the country. Prior to 1972, the East Caribbean Currency Authority (ECCA) was the institution responsible for the management of monetary matters for most of the smaller Eastern Caribbean countries, including Barbados.
  
  
• West Indies - Central Bank of Trinidad & Tobago
  Mission:
  "The promotion of monetary, credit and exchange conditions favourable to economic growth and development, monetary and financial stability and public confidence."
  The Financial Institutions Act 1993, Section 47, empowers the Central Bank to grant or revoke licences, recommend regulations, issue cease and desist orders, prescribe the qualifications of the management and directors of financial institutions and generally to ensure the prudent operations of financial institutions in the public interest.
  
  
• Yemen - Central Bank of Yemen
  The Central Bank of Yemen was established in 1971. When the northern and southern sectors of Yemen reunited on 22 May 1990, the Central Bank of Yemen merged with the Bank of Yemen under the original name of 'Central bank of Yemen'.
  The Central Bank of Yemen uses all the tools of monetary policy at its disposal in order to keep inflation under control, stabilize the exchange rate of the national currency and create an environment that is conductive to investment and high growth. The main monetary tools the Bank uses are the following:
  - The interest rate level
  - The discount rate
  - Bank reserve requirements
  - Control of liquidity in the economy
  
  
• Yugoslavia - Central Bank of Mentenegro
  The mission of the Central Bank of Montenegro is to establish and maintain sound banking system and monetary policy.
  The Central Bank of Montenegro was established on the basis of the Law on Central Bank of Montenegro, passed by the Parliament of the Republic of Montenegro in November 2000. With its establishment, the Republic of Montenegro obtained an independent authority responsible for monetary policy, and establishment and maintenance of sound banking system and efficient payment system operations.
  
  
• Yugoslavia - National Bank of Serbia
  
  
• Zambia - Bank of Zambia
  MISSION STATEMENT:
  To formulate and Implement monetary and supervisory policies that will ensure price and financial systems stability, in order to promote balanced macro-economic development.
  FUNCTIONS OF THE BANK:
  - To ensure appropriate monetary policy formulation and implementation
  - To act as the fiscal agent of the Goverment
  - To licence, regulate and supervise banks and financial service institutions registered under the Act to ensure a safe and sound financial system
  - To manage the banking and currency operations of the Bank of Zambia ensuring the provision of an effective service to commercial banks, Government and other users.
  
  
• Zimbabwe - Reserve Bank of Zimbabwe
  The Reserve Bank of Zimbabwe has its origins in the Bank of Rhodesia and Nyasaland which was created in March 1956 as a central bank for the Federation of Rhodesia and Nyasaland. The Reserve Bank was the successor to the Central Currency Board, which had the sole right to issue currency.
  The Reserve Bank of Zimbabwe operates under the Reserve Bank of Zimbabwe Act, Chapter 22: 15 of 1964. The Act provides for the Board of Directors and the post of Governor who is responsible for the day-to-day administration and operations of the Bank. The Governor is assisted by two Deputy Governors.

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