Central Bank of Rojadavistan: Difference between revisions
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The '''Central Bank of Rojadavistan''' ({{wp|Kurdish language|Rojadavi}}: ''Banka Navendîya Komara Rojadavistanê'') is the {{wp|central bank}} of [[Rojadavistan]]. By law, the bank is independent and autonomous in carrying out its tasks and is accountable for its work to the [[Rojadavistan Parliament#National Assembly|National Assembly]]. Its responsibilities include conducting monetary and exchange policy, managing the nation's gold and foreign reserves, the printing and issuance of the [[Rojadavi diraw]], and supervising and regulation of banks and the banking system. The bank's headquarters are in the capital, Sermîyan | The '''Central Bank of Rojadavistan''' ({{wp|Kurdish language|Rojadavi}}: ''Banka Navendîya Komara Rojadavistanê'') is the {{wp|central bank}} of [[Rojadavistan]]. By law, the bank is independent and autonomous in carrying out its tasks and is accountable for its work to the [[Rojadavistan Parliament#National Assembly|National Assembly]]. Its responsibilities include conducting monetary and exchange policy, managing the nation's gold and foreign reserves, the printing and issuance of the [[Rojadavi diraw]], and supervising and regulation of banks and the banking system. The bank's headquarters are in the capital, [[Sermîyan]]. The bank is active in developing {{wp|financial inclusion}} policy and is a member of the Alliance for Financial Inclusion. | ||
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. | 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. | ||
Revision as of 18:46, 31 August 2024
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| Headquarters | Sermîyan |
|---|---|
| Ownership | 100% state ownership |
| Governor | X |
| Central bank of |  Rojadavistan |
| Currency | Rojadavi diraw RJD (ISO 4217) |
| Reserves | $9.52 billion |
| Reserve requirements | 7% |
| Bank rate | 3.9% |
| Website | cbrj |
The Central Bank of Rojadavistan (Rojadavi: Banka Navendîya Komara Rojadavistanê) is the central bank of Rojadavistan. By law, the bank is independent and autonomous in carrying out its tasks and is accountable for its work to the National Assembly. Its responsibilities include conducting monetary and exchange policy, managing the nation's gold and foreign reserves, the printing and issuance of the Rojadavi diraw, and supervising and regulation of banks and the banking system. The bank's headquarters are in the capital, Sermîyan. The bank is active in developing financial inclusion policy and is a member of the Alliance for Financial Inclusion.
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.
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 Rojadavistan.
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
- Compile and publish data on the banking and financial system and publish economic reports and studies
Leadership
The governor is appointed for a term of five years by a decree of the President of Rojadavistan. The governor may be reappointed upon the expiration of this term.
The bank's decisions are made by a 11-member Board of Directors. It consists of the Governor (as chairman), the two Deputy Governors, three senior managers of the CBR including branch managers, and five individuals who have suitable monetary, banking, commerce, or legal expertise. All board members serve five-year terms except for the senior CBR managers who serve rotating one-year terms.