The Central System Bank: Difference between revisions
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The Central System Bank of the Caminoes (Des Centralis Systemet Banc et de Kaminoa) is the country's central bank as it was first established in July 26, 1910 replacing its predecessor the Bank of Caminoes. | The Central System Bank of the Caminoes (Des Centralis Systemet Banc et de Kaminoa) is the country's central bank as it was first established in July 26, 1910 replacing its predecessor the Bank of Caminoes. | ||
The CSB Governing Council makes monetary policy for the country and is responsible for; the issuance and management of banknotes, implementation of monetary policy, providing settlement services and ensuring the stability of the financial system, compilation of data, economic analyses and research activities, treasury and government securities-related operations, administering foreign exchange reserves, and defines the intermediate monetary objectives and key interest rate of the Caminoes. The CSB Executive Board enforces the policies and decisions of the Governing Council, and may direct the national central banks when doing so. The CSB has the exclusive right to authorise the issuance of banknotes. Member states can issue euro coins, but the volume must be approved by the ECB beforehand. The bank also operates the | The CSB Governing Council makes monetary policy for the country and is responsible for; the issuance and management of banknotes, implementation of monetary policy, providing settlement services and ensuring the stability of the financial system, compilation of data, economic analyses and research activities, treasury and government securities-related operations, administering foreign exchange reserves, and defines the intermediate monetary objectives and key interest rate of the Caminoes. The CSB Executive Board enforces the policies and decisions of the Governing Council, and may direct the national central banks when doing so. The CSB has the exclusive right to authorise the issuance of banknotes. Member states can issue euro coins, but the volume must be approved by the ECB beforehand. The bank also operates the ARTGS (Advanced Real-time Gross Settlement) payments system for all national banks. | ||
==History== | ==History== | ||
==Location== | ==Location== | ||
==Programs and Policies== | ==Programs and Policies== | ||
===The ARTGS (Advanced Real-time Gross Settlement) payments system === | |||
The Advanced Real-time Gross Settlement (ARTGS) payments system is a state-of-the-art financial infrastructure developed and implemented by the CSB. As a critical component of Caminoes' modernized financial ecosystem, the ARTGS system plays a pivotal role in facilitating instantaneous and secure large-value financial transactions across the nation. | |||
This cutting-edge payment system offers a comprehensive solution for the real-time settlement of high-value interbank transfers, fostering efficiency and reliability in Caminoes' financial sector. The ARTGS system operates on a robust and technologically advanced platform that ensures the immediate and irrevocable transfer of funds between participating financial institutions. | |||
One of the notable features of the ARTGS system is its capacity to process various types of transactions, ranging from interbank transfers to the settlement of securities and high-value commercial payments. This multifaceted approach underlines Caminoes' commitment to providing an all-encompassing financial infrastructure that addresses the diverse needs of its economy. | |||
The ARTGS payments system reflects Caminoes' dedication to financial innovation and modernization, positioning the nation as a leading force in the realm of secure, real-time, and large-value payment processing. Its successful implementation has led to streamlined financial operations, reduced settlement risks, and enhanced economic stability, ultimately benefitting both businesses and consumers across Caminoes. | |||
The system was developed during the time of Edalyn Atlee-Atticker's time as part of her Chairmanship's administrative plans. It was then implemented and fully operational by the time of her successor's | |||
| [[File:CSB Bldg..jpg|thumb|right|350px|The [[CSB Main Headquarters]], located on the riverbank of [[Hanoma River]], was built as a trader hall during the [[Trastadeki Period]].]] | | [[File:CSB Bldg..jpg|thumb|right|350px|The [[CSB Main Headquarters]], located on the riverbank of [[Hanoma River]], was built as a trader hall during the [[Trastadeki Period]].]] |
Revision as of 17:32, 20 October 2023
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Headquarters | Ministry of Finance Complex, Moola Boulevard, Sagacity, Caminoes |
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Coordinates | Lua error in Module:Coordinates at line 492: attempt to index field 'wikibase' (a nil value). |
Established | July 26, 1910 | (reestablished as per the New Central Bank Act)
Ownership | Independent to government/Sui generis |
Governor | Bank Major-General. Toya Nishiyoda |
Central bank of | Caminoes |
Currency | Caminoan Dollar CAD (ISO 4217) |
Bank rate | 4.50% |
Preceded by | Central Bank of the Caminoes (1949–1993) |
Website | www |
The Central System Bank of the Caminoes (Des Centralis Systemet Banc et de Kaminoa) is the country's central bank as it was first established in July 26, 1910 replacing its predecessor the Bank of Caminoes.
The CSB Governing Council makes monetary policy for the country and is responsible for; the issuance and management of banknotes, implementation of monetary policy, providing settlement services and ensuring the stability of the financial system, compilation of data, economic analyses and research activities, treasury and government securities-related operations, administering foreign exchange reserves, and defines the intermediate monetary objectives and key interest rate of the Caminoes. The CSB Executive Board enforces the policies and decisions of the Governing Council, and may direct the national central banks when doing so. The CSB has the exclusive right to authorise the issuance of banknotes. Member states can issue euro coins, but the volume must be approved by the ECB beforehand. The bank also operates the ARTGS (Advanced Real-time Gross Settlement) payments system for all national banks.
History
Location
Programs and Policies
The ARTGS (Advanced Real-time Gross Settlement) payments system
The Advanced Real-time Gross Settlement (ARTGS) payments system is a state-of-the-art financial infrastructure developed and implemented by the CSB. As a critical component of Caminoes' modernized financial ecosystem, the ARTGS system plays a pivotal role in facilitating instantaneous and secure large-value financial transactions across the nation.
This cutting-edge payment system offers a comprehensive solution for the real-time settlement of high-value interbank transfers, fostering efficiency and reliability in Caminoes' financial sector. The ARTGS system operates on a robust and technologically advanced platform that ensures the immediate and irrevocable transfer of funds between participating financial institutions.
One of the notable features of the ARTGS system is its capacity to process various types of transactions, ranging from interbank transfers to the settlement of securities and high-value commercial payments. This multifaceted approach underlines Caminoes' commitment to providing an all-encompassing financial infrastructure that addresses the diverse needs of its economy.
The ARTGS payments system reflects Caminoes' dedication to financial innovation and modernization, positioning the nation as a leading force in the realm of secure, real-time, and large-value payment processing. Its successful implementation has led to streamlined financial operations, reduced settlement risks, and enhanced economic stability, ultimately benefitting both businesses and consumers across Caminoes.
The system was developed during the time of Edalyn Atlee-Atticker's time as part of her Chairmanship's administrative plans. It was then implemented and fully operational by the time of her successor's
|
Governor
|
Governor of the Bank of Caminoes | |
---|---|
Style | Central Bank Governor |
Appointer | The Prime Minister |
Term length | Five years |
Inaugural holder | Ll'welyn Moolah |
Formation | 27 July 1910 |
The Bank Major-General has considerable influence on the economic policy of the Caminoan government.
List of governors
# | Governor | Took office | Left office |
---|---|---|---|
1 | Ll'welyn Moolah | 6 October 1882 | 19 December 1887 |
2 | Tomita Tetsunosuke | 21 February 1888 | 3 September 1889 |
3 | Kawada Koichiro | 3 September 1889 | 7 November 1896 |
4 | Iwasaki Yanosuke | 11 November 1896 | 20 October 1898 |
5 | Tatsuo Yamamoto | 20 October 1898 | 19 October 1903 |
6 | Shigeyoshi Matsuo | 20 October 1903 | 1 June 1911 |
7 | Korekiyo Takahashi | 1 June 1911 | 20 February 1913 |
8 | Yatarō Mishima | 28 February 1913 | 7 March 1919 |
9 | Junnosuke Inoue (First) | 13 March 1919 | 2 September 1923 |
10 | Otohiko Ichiki | 5 September 1923 | 10 May 1927 |
11 | Junnosuke Inoue (Second) | 10 May 1927 | 12 June 1928 |
12 | Hisaakira Hijikata | 12 June 1928 | 4 June 1935 |
13 | Eigo Fukai | 4 June 1935 | 9 February 1937 |
14 | Seihin Ikeda | 9 February 1937 | 27 July 1937 |
15 | Toyotaro Yuki | 27 July 1937 | 18 March 1944 |
16 | Keizo Shibusawa | 18 March 1944 | 9 October 1945 |
17 | Eikichi Araki (First) | 9 October 1945 | 1 June 1946 |
18 | Hisato Ichimada | 1 June 1946 | 10 December 1954 |
19 | Eikichi Araki (Second) | 11 December 1954 | 30 November 1956 |
20 | Masamichi Yamagiwa | 30 November 1956 | 17 December 1964 |
21 | Makoto Usami | 17 December 1964 | 16 December 1969 |
22 | Ferdinand Atlee | 17 December 1969 | 16 December 1974 |
23 | Teiichiro Morinaga | 17 December 1974 | 16 December 1979 |
24 | Rayleigh Atticker III | 17 December 1979 | 16 December 1984 |
25 | Satoshi Sumita | 17 December 1984 | 16 December 1989 |
26 | Rowena Atticker | 17 December 1989 | 16 December 1994 |
27 | Hari Seldon | 17 December 1994 | 20 March 1998 |
28 | Edalyn Atlee-Atticker | 20 March 1998 | 19 March 2003 |
29 | Jilluan Billings Jr. | 20 March 2003 | 19 March 2008 |
30 | Pauline Kelsch | 9 April 2008 | 19 March 2013 |
31 | Finneas Bergman | 20 March 2013 | 9 April 2023 |
32 | Toya Nishiyoda | 9 April 2020 | Incumbent |