Central Bank of Fratanica: Difference between revisions
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| deposit_rate = <!-- % of interest paid on reserves, if any, or "None" if no interest is ever paid on reserves --> | | deposit_rate = <!-- % of interest paid on reserves, if any, or "None" if no interest is ever paid on reserves --> | ||
| excess_reserves = <!-- "yes" or "no" reg. interest on excess reserves - or "not applicable - no reserve requirement" if there is no reserve requirement --> | | excess_reserves = <!-- "yes" or "no" reg. interest on excess reserves - or "not applicable - no reserve requirement" if there is no reserve requirement --> | ||
| website = centralbank.gov. | | website = centralbank.gov.fn | ||
| predecessor = | | predecessor = | ||
| successor = | | successor = | ||
Revision as of 10:03, 7 August 2021
| Headquarters | Pascal Street, Viras, Fratanica |
|---|---|
| Established | December 13, 1896 |
| Ownership | 80%: Owned by the Executive Council 20%: Public float |
| Governor | Francis Dupont |
| Central bank of | Fratanica |
| Currency | Frat |
| Reserves | 220 750 million NSD |
| Bank rate | 1.25% |
| Website | centralbank.gov.fn |
The Central Bank of Fratanica is the central bank of Fratanica, founded in 1896 to serve as the Fratanican government's banker. The bank has its headquarters on Pascal Street, Viras, Fratanica.
The Central Bank of Fratanica is one of three banks which is allowed to issue Frat banknotes and holds legal monopoly status when it comes to issuing banknotes within mainland Fratanica.
Within the bank, the Monetary Planning Committee is responsible for setting the nation's monetary policy, led by the Governor of the Central Bank. This includes the manipulation of the interest rate or the money supply. The current Governor is Francis Dupont, who officially took office on 14 January 2021.