National Bank of Orioni

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National Bank of Orioni
National Bank of Orioni.png
File:CCPjf0186 04.JPG
NBO complex in O'polis
HeadquartersO'polis, Orioni
EstablishedMarch 1, 1939; 85 years ago (March 1, 1939)
GovernorMrs Minyoti Pironi
Central bank ofOrioni
CurrencyOrinese Phi
ORP (ISO 4217)
ReservesΦ162 billion
Bank rate5.00%
Websitewww.bank.gov.ph

The National Bank of Orioni (Oharic: ), abbreviated as NBO, has been central bank of Orioni since 1939.

History

Functions

Apart from monetary policy, the National Bank of Orioni carries out these following functions:

  • issuing of Phi banknotes
  • printing of Phi banknotes
  • placing in circulation of Phi coins
  • services to the Orinese financial sector
  • services to the general public
  • management of foreign currency reserves
  • collection, circulation and analysis of economic and financial information

Organisation

Governors

The Governor of the National Bank is a member of the Sibiseba, the legislative body of Orioni. The following is a list of the Governors of the National Bank of England since its foundation in the 20th century.

Anti-money laundering

The criminal practice of money laundering is a persisting problem in Orioni and the wider Orient. The NBO has announced many preventive and counteractive measures to overcome the illegal processes. In January 2009, the Anti-Money Laundering Act was made into law. It provides a foundation of the monitoring, blocking and penalising suspected and conviction money laundering operations. In January 2011, Chairman Strupar further strengthened the Anti-Money Laundering Law. He expanded its responsibilities to include: suspicious transactions in foreign exchange, real estate, art, precious metals and jewellery.

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