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The creation of the Central Bank of the Bahamas dates back to June 1, 1974. The country had taken its independence from the United Kingdom a year ago and wanted to conduct an independent monetary policy. The Central Bank of the Bahamas succeeds the Currency Board, an organization founded in 1919 which was mainly responsible for issuing the currency.
It is a new era that began with the founding of the central bank and its role is very clear: it is to foster monetary stability and promote economic development. To set monetary policy to develop the Central Bank of the Bahamas should take into account the national economic situation, budget operations and the evolution of emerging sectors. It must also monitor the regulations on credit agreements and liquidity positions. It is also the body that sets the rules for banks and trust companies: for example, it allows banks to lend if the resources from ongoing repayments are sufficient. The Central Bank of the Bahamas may also authorize the credit restrictions lifted if it considers that economic and monetary conditions are favorable.
10 produits
Voir les produitsCentral Bank of Bahrain (???? ??????? ???????)
The Central Bank of Bahrain is a public entity which was established in September 2006. It is the successor of the Bahrain Monetary Agency which was established in 1973. This has several objectives: the first is to ensure stability monetary and financial in the kingdom. The second is to supervise and develop the financial sector while protecting the interests of clients and depositors.
For this, the Central Bank of Bahrain has to perform several functions, starting with the implementation of exchange rate policy and the control of payments and settlement systems. This organization must also establish simple and effective rules to the attention of all financial institutions of the kingdom: banking, securities brokerage firms, trust companies, insurance companies, leasing companies, etc. . Other missions have been allocated to the Central Bank of Bahrain such as the issuance of the national currency (the Bahraini dinar) and management of reserves of gold and foreign exchange reserves of the kingdom. The bank also works closely with the Government of Bahrain to offer them banking services.
4 produits
Voir les produitsBangladesh Bank (???????? ??????)
Bangladesh's central bank was founded in 1971 after the country's liberation war that led to the independence of Bangladesh. The central bank is a member of the Asian Clearing Union, an organization aiming to secure monetary transactions between all member states (Bangladesh, India, Sri Lanka, Nepal, etc.). The bank defines the regulations concerning monetary and financial system of the country and must enforce them.
The primary mission of the central bank of Bangladesh is to regulate and supervise banks and non-bank financial institutions. At the same time, it is to develop domestic capital markets. Bangladesh's central bank is in charge of the management of international reserves and the issuance of banknotes and coins (the national currency is the taka). It is also committed to the fight against money laundering. The rules on payment systems are also defined by this establishment, as well as the law on currency regulation. Finally, the central bank of Bangladesh is the government's banker and plays the role of lender of last resort.
Other tasks entrusted to it such as job creation, agricultural development or industrial development.
26 produits
Voir les produitsIt was after the country's independence has created the Central Bank of Barbados, in 1971. The government wanted indeed promote economic development. Previously, the monetary policy of Barbados was managed by the Monetary Authority of East Caribbean States.
This structure is considered the first financial institution in the country and is working closely with the government to define national monetary and fiscal policy. This organization is not a commercial bank and does not offer services to the general public. This is an institution whose main aim is to ensure monetary stability. The Central Bank of Barbados works daily to promote a healthy financial situation and the development of economic and financial markets. Its other functions are the management of foreign exchange reserves, issuance of tickets, control of the national debt and the realization of statistics that should be made available to the government and the general public. The Central Bank of Barbados acts as banker of the government. It must also advise the government on monetary and fiscal issues.
The Central Bank of Barbados is a structure that promotes integrity, transparency and respect.
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