Banque de France (Central Bank of France)

By: EconomyWatch   Date: 9 September 2010

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Banque de France is the central bank of France was founded in the year 1800. Napoleon Bonaparte was the founding father of the bank for sustaining the renewed economic growth for the nation.

In the year 1936, the Government stepped forward by nationalizing the bank for ensuring price stability and bringing a landmark reform in the banking system of the country.

In the year 1998, the bank came under the European System of Central Banks (ESCB). As a member of the Eurosystem, the bank functions with the sole objective of attaining price stability.

The important functions of the bank is as follows:

  • Formulating and implementing monetary and credit policies
  • Issuing the currency
  • Monitoring the country's financial markets
  • Maintaining financial stability
  • Controlling foreign exchange reserves

The Bank is administered by a General Council. The council is responsible for activities related directly to the formulation and execution of the monetary policy in the country.

The Address and Contact details of the bank is as follows:

Banque de France

Address: 31, rue Croix-des-Petits-Champs F-75001 Paris FRANCE

Phone No.: ++33-1-42 92 39 08
Fax: ++33-1-42 92 39 40


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