Nortuan Central Bank: Difference between revisions
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| established = {{Start date and age|df=y|p=y|2011|6|1}} | | established = {{Start date and age|df=y|p=y|2011|6|1}} | ||
| governance = Governing Council<br>Executive Board | | governance = Governing Council<br>Executive Board | ||
| | | president = [[Rhys Wellington]] (president) <br> [[Nadine Hönigsmann]] (vice president) <br> [[Lachlan Mayer]] (chief economist) | ||
| currency = [[Nortuan Monetary Union|Norta]] (ℕ) | | currency = [[Nortuan Monetary Union|Norta]] (ℕ) | ||
| reserves = | | reserves = | ||
| 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 --> | ||
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The '''Nortuan Central Bank''' (NCB) is the prime component of the [[Nortuan Monetary Union]] and the Central and East System of Nortuan Banks (CESNB) as well as one of the institutions of the [[Alliance of Nortuan States]]. It is one of the world's most important central banks. The NCB Governing Council makes monetary policy for the NMU and the ANS, administers the foreign exchange reserves of ANS member states, engages in foreign exchange operations, and defines the intermediate monetary objectives and key interest rate of the ANS. The NCB Executive Board enforces the policies and decisions of the Governing Council, and may direct the national central banks when doing so. The NCB has the exclusive right to authorise the issuance of euro banknotes. Member states can issue euro coins, but the volume must be approved by the NCB beforehand. It is headquartered dually in [[Aassillit]], [[Versenia]], and [[Eblium]], [[New Anea]]. | The '''Nortuan Central Bank''' (NCB) is the prime component of the [[Nortuan Monetary Union]] and the Central and East System of Nortuan Banks (CESNB) as well as one of the institutions of the [[Alliance of Nortuan States]]. It is one of the world's most important central banks. The NCB Governing Council makes monetary policy for the NMU and the ANS, administers the foreign exchange reserves of ANS member states, engages in foreign exchange operations, and defines the intermediate monetary objectives and key interest rate of the ANS. The NCB Executive Board enforces the policies and decisions of the Governing Council, and may direct the national central banks when doing so. The NCB has the exclusive right to authorise the issuance of euro banknotes. Member states can issue euro coins, but the volume must be approved by the NCB beforehand. It is headquartered dually in [[Aassillit]], [[Versenia]], and [[Eblium]], [[New Anea]]. | ||
Established in 2011, the [[Nortuan Congress]] agreed to the formation of a mutual currency called the [[Nortuan Monetary Union]], also known as the Norta (ℕ). While most nations in the ANS have not adopted the Norta as the main currency, every nation utilizes it as an accepted currency alongside other national currencies. | Established in 2011, the [[Nortuan Congress]] agreed to the formation of a mutual currency called the [[Nortuan Monetary Union]], also known as the Norta (ℕ). While most nations in the ANS have not adopted the Norta as the main currency, every nation utilizes it as an accepted currency alongside other national currencies. [[Rhys Wellington]] (of [[Ivite]]) is the current President of the NCB, while [[Nadine Hönigsmann]] (of [[Besmenia]]) is the current Vice president. [[Lachlan Mayer]] (of [[Versenia]]) is the NCB's chief economist. | ||
==History== | ==History== | ||
Revision as of 16:51, 9 July 2022
.jpg) Aassillit headquarters of the Nortuan Central Bank | |
| Headquarters | Aassillit, Versenia Eblium, New Anea |
|---|---|
| Established | 1 June 2011 |
| President | Rhys Wellington (president) Nadine Hönigsmann (vice president) Lachlan Mayer (chief economist) |
| Currency | Norta (ℕ) |
| Bank rate | 0.00% (Main refinancing operations) |
| Interest on reserves | -0.50% (Deposit facility) |
The Nortuan Central Bank (NCB) is the prime component of the Nortuan Monetary Union and the Central and East System of Nortuan Banks (CESNB) as well as one of the institutions of the Alliance of Nortuan States. It is one of the world's most important central banks. The NCB Governing Council makes monetary policy for the NMU and the ANS, administers the foreign exchange reserves of ANS member states, engages in foreign exchange operations, and defines the intermediate monetary objectives and key interest rate of the ANS. The NCB Executive Board enforces the policies and decisions of the Governing Council, and may direct the national central banks when doing so. The NCB has the exclusive right to authorise the issuance of euro banknotes. Member states can issue euro coins, but the volume must be approved by the NCB beforehand. It is headquartered dually in Aassillit, Versenia, and Eblium, New Anea.
Established in 2011, the Nortuan Congress agreed to the formation of a mutual currency called the Nortuan Monetary Union, also known as the Norta (ℕ). While most nations in the ANS have not adopted the Norta as the main currency, every nation utilizes it as an accepted currency alongside other national currencies. Rhys Wellington (of Ivite) is the current President of the NCB, while Nadine Hönigsmann (of Besmenia) is the current Vice president. Lachlan Mayer (of Versenia) is the NCB's chief economist.