central bank

Related Terms
Autonomous or semi-autonomous organization entrusted by a government to, administer certain key monetary functions, such as to (1) issue, manage, and preserve value of the country's currency, (2) regulate the amount of money supply, (3) supervise the operations of commercial banks, (4) and serve as a banker's bank and the local lender of last resort. Some Central banks (such as the Bank Of England) provide all these functions, others (such as in Germany and the US) employ two or more organizations. Most Central banks are owned by their respective governments (such as Bank Of England, Banque De France, Reserve Bank Of India), others (such as Belgian Central Bank and Bank Of Japan) have mixed ownerships, and two (Germany's Bundesbank and the US Federal Reserve System) are owned by private banks.
Bank Of Sweden (1656) was the first Central bank, followed by the Bank Of England (1694) and the Bank Of France (1800). Bank Of Japan was established in 1888, and the US Federal Reserve System in 1913.

Use 'central bank' in a Sentence

I worked for the central bank and it made me proud because I had always wanted to be a banker.
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You should always pay back the central bank as fast as you can so that you can continue to do business with them in the future.
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The central bank was responsible for printing the money and therefore they effectively controlled the money supply as well for the nation.
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