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