Central Banks

The central banks of a country's economy acts a monetary and financial pillar. A stable monetary and financial policy is essential for the economic progress.
Central Banks are also vested with certain supervisory powers so that banks and various other financial institutions do not behave irresponsibly. The functions of central banks widely vary from one country to another. Some of the important functions of the central bank of a country are as follows:

• Issuance of bank notes
  
• Managing the country's foreign exchange and gold reserves
  
• Deciding on the official interest rate to manage inflation
  
• Acting as the banker to the Government and the banker's bank
  
• Regulation and supervision of the banking industry
  

In most countries the central banks are state-owned and their policies, therefore, are subject to government interference. On the other hand, 'independent central banks' are the ones that function with least government intervention. These banks operate under rules designed to wipe off the possibilities of political interference; examples include the US Federal Reserve, the Reserve Bank of India, the Bank of Japan, the Bank of England, the Deutsche Bundesbank, the Bank of Canada, the Reserve Bank of Australia and the European Central Bank. However, it is improper to say that these 'independent central banks' are entirely beyond the scope of political interference.


List Of Central Banks:

The Fed, Federal Reserve Bank of the United States of America

Bank Of Azberaijan

Bank Of Albania

Bank Of Algeria

Bank Of Angola

Bank Of Argentina

Central Bank Of Aruba

Reserve Bank Of Australia

Central Bank Armenia

Bahrain Monetary Agency

Royal Monetary Authority of Bhutan

Bermuda Monetary Authority

Belgium Central Bank

Central Bank of Barbados

Central Bank Of Bolivia

Bank of Botswana

Banco Central do Brasil

Bulgarian National Bank

Bank Of Canada

Central Bank Chile

The People's Bank of China

Central Bank of Colombia

Croatian National Bank

Danmarks Nationalbank

Central Bank of Czech Republic

Eastern Caribbean Central Bank

Banco Central de la Republica Dominicana

Banco Central del Ecuador

Bank of Indonesia

Bank of Ghana

Bank of Guyana

Central Bank Of Iceland

Hong Kong Monetary Authority

National Bank Of Ethiopia

Bank of Greece

Central Bank Of Egypt

Estonia Esti Pank

Bank of France

Bank of Guatemala

Central Bank Of Fiji

Germany Deutsche Bundesbank

Banca d'Italia-Italy

Reserve Bank of India

Bank of Israel

Central Bank Of Philippines

Bank of Latvia

Bank of Namibia

Central Bank Of Jordan

Central Bank Of Lebanon

Central Bank Of Malaysia

De Netherlandsche Bank

Nepal Rastra Bank

Bank Al-Maghrib

Bank of Lithuania

Bank of Jamaica

Central Bank of Kenya

Central Bank of Lesotho

Central Bank of Nigeria

Maldives Monetary Authority

Norway Bank

State Bank of Pakistan

Bank of Korea

Bank of Mauritius

Banque Centrale Du Luxembourg

Reserve Bank of Malawi

Banco de Portugal

Central Bank of Samoa

National Bank of Romania

Qatar Central Bank

Bank Rossiyi - Bank of Russia

National Bank of Rwanda