Central Bank of Rojadavistan

Central Bank of Rojadavistan
Banka Navendîya Komara Rojadavistanê

Headquarters	Sermîyan
Ownership	100% state ownership
Governor	X
Central bank of	Rojadavistan
Currency	Rojadavi diraw RJD (ISO 4217)
Website	cbrj.rj

The Central Bank of Rojadavistan (Rojadavi: Banka Navendîya Komara Rojadavistanê) is the central bank of Rojadavistan.

Rojadavi diraw

Foundation

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Objectives and Functions

The primary objectives of the bank are to ensure domestic price stability, to foster a stable competitive market-based financial system, and to promote sustainable growth, employment, and prosperity in the country.

To fulfill these objectives, the bank performs the following functions:

• Formulating and implementing monetary policy, exchange rate policy, and credit policy
• Maintaining inflation stability
• Advising and acting as fiscal agent to the government and public institutions
• Provide liquidity services to banks and specialized credit institutions
• Supervising and regulating banks and the banking system
• Holding and managing the country’s reserves of gold and foreign exchange
• Issuing and managing the national currency
• Managing the country's public and private external debt
• Establishing, overseeing, and promoting a sound and efficient payment system
• Publication of economic reports and studies

Organization

The bank’s decisions are made its 9-member Board of Directors. It consists of the Governor, two Deputy Governors, three senior managers of the CBR including branch managers, and three other individuals who have suitable monetary, banking, or legal expertise. All except senior CBR managers serve five-year terms, the latter serve rotating one year terms.

It was established in X year. The bank’s headquarters is located in Sermîyan with a second branch in Bakûrgûnd. The current Governor is Y person. The Constitution of Rojadavistan states that the central bank is a financially and administratively independent institution, responsible before the National Assembly. All of its capital is owned by the government. As of X month and year, the bank reported total assets valued at over Y amount diraws. Foreign exchange reserves were nearly Z amount common currency due to rise in oil and natural gas revenues, indicating the improved ability to deal with the repayment of foreign debt, stabilizing the currency, and coverage of average monthly imports.

The Central Bank has a representative office in X foreign city/country.

Reserves: 18B (Jordan), 25.6B (Kuwait), 14.7B (Lebanon), $71B (Libya), 8.6B (Tunisia), 142.2 (Turkey), 92.5 (UAE), 1.8B (Yemen), 603.9B (SA), 35.9 (Qatar), 9.12 (Pakistan), 17.9 (Oman), 286.9 (Iraq), 4.1B, 40.36 (Egypt), 3 (Bahrain), 9.5 (Afghanistan), 64.6 (Algeria) Bank rate: 2.75% (Lebanon), 5.15%, 20.5%, 3%, 4.5%, 3.9%, 6.75%, 7.5%, 12.25% Interest on reserves: 4%, 6.00% syria, 19.5%, 3.35%, 11.25% Reserve requirements: 7.1%

Norway Bank rate 5.50%[3] Interest rate target 4.50%[3] Interest on reserves 3.50%[3]