Central Bank of Fratanica: Difference between revisions
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| currency = Frat | | currency = Frat | ||
| currency_iso = <!-- see [[ISO 4217]] --> | | currency_iso = <!-- see [[ISO 4217]] --> | ||
| reserves = | | reserves = 220 750 million NSD | ||
| reserve_requirements = <!-- % of reserves required to be held against deposits, or "None" if there are no such requirements --> | | reserve_requirements = <!-- % of reserves required to be held against deposits, or "None" if there are no such requirements --> | ||
| borrowing_rate = 1.25% <!-- the bank rate, also known as the discount rate in American English --> | | borrowing_rate = 1.25% <!-- the bank rate, also known as the discount rate in American English --> | ||
Revision as of 04:11, 4 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.frf |
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.