European Central Bank
Base Currency: EUR
The ECB is the central bank for Europe's single currency, the euro. The ECB’s main task is to maintain the euro's purchasing power and thus price stability in the euro area. The euro area comprises the 19 European Union countries that have introduced the euro since 1999.
Reserve Bank of Australia
Base Currency: AUD
The Reserve Bank of Australia (RBA) is Australia's central bank and derives its functions and powers from the Reserve Bank Act 1959. Its duty is to contribute to the stability of the currency, full employment, and the economic prosperity and welfare of the Australian people. It does this by setting the cash rate to meet an agreed medium-term inflation target, working to maintain a strong financial system and efficient payments system, and issuing the nation's banknotes. The RBA provides certain banking services as required to the Australian Government and its agencies, and to a number of overseas central banks and official institutions. Additionally, it manages Australia's gold and foreign exchange reserves.
Bank of Canada
Base Currency: CAD
The Bank of Canada is the nation's central bank. Its principal role is "to promote the economic and financial welfare of Canada," as defined in the Bank of Canada Act. The Bank’s four main areas of responsibility are:
- Monetary policy: The Bank influences the supply of money circulating in the economy, using its monetary policy framework to keep inflation low and stable.
- Financial system: The Bank promotes safe, sound and efficient financial systems, within Canada and internationally, and conducts transactions in financial markets in support of these objectives.
- Currency: The Bank designs, issues and distributes Canada’s bank notes.
- Funds Management: The Bank is the "fiscal agent" for the Government of Canada, managing its public debt programs and foreign exchange reserves.
Swiss National Bank (Schweizerische Nationalbank, Banque nationale suisse, Banca nazionale svizzera)
Base Currency: CHF
The Swiss National Bank conducts the country’s monetary policy as an independent central bank. It is obliged by the Constitution and by statute to act in accordance with the interests of the country as a whole. Its primary goal is to ensure price stability, while taking due account of economic developments. In so doing, it creates an appropriate environment for economic growth.
National Bank of Ukraine (Нацiональний банк України)
Base Currency: UAH
The National Bank of Ukraine is the central bank of Ukraine, a special central body of the state administration, whose legal status, objectives, functions, powers and principles for organization are determined by the Constitution of Ukraine, Law of Ukraine "On the National Bank of Ukraine" and other laws of Ukraine.
According to the Constitution of Ukraine, the main function of the National Bank is to ensure stability of the monetary unit of Ukraine. When exercising its main function the National Bank shall proceed from the priority of achievement and retention of the price stability in the country. The National Bank shall within its terms of reference promote the banking system stability and sustainability of the economic growth and second the economic policy of the Cabinet of Ministers of Ukraine.
National Bank of Romania (Banca Naţională a României)
Base Currency: RON
The National Bank of Romania has an important role in maintaining financial stability, attributable to its capacity to act as a monetary and supervisory authority. Financial stability objectives are served while performing its regulatory and supervisory functions, the conduct and efficient transmission of the monetary policy, as well as, while overseeing the smooth functioning of the systemically important payment and settlement systems. Risks and vulnerabilities identifying and assessing is an ongoing process for the financial system as a whole and its component parts, because the financial stability monitoring has a preventive scope. The occurring and development of malfunctions, inappropriate risk assessment and inefficient capital allocation can affect the economic and financial stability.
Bank Of Israel (בנק ישראל)
Base Currency: ILS
The Bank of Israel is the central bank of the State of Israel. The Bank was established in 1954. It is situated in Kiryat Ben Gurion in Jerusalem, close to the Knesset (Israel's parliament), the Supreme Court, and government ministries. The Bank has a branch in Tel Aviv (on Lillienblum Street), and there is also an extension of the Banking Supervision Department in Tel Aviv (on Yavneh Street).
The Bank is independent, and its objectives and operating methods are specified in the Bank of Israel Law, 5770-2010. Its objectives are to maintain price stability, to support the Government's objectives -- especially growth and employment, and to support the stability of the financial system.
The Bank acts to increase public awareness of its activities and the areas of its responsibility. It does so by means of its publications, press releases, etc. In addition, there is a Visitors Center in the Bank's premises in Jerusalem, with an exhibition showing the development of money and the issue of money, and with films, lectures and games explaining the main functions of the Bank.
Norges Bank (Noregs Bank)
Base Currency: NOK
Norges Bank shall promote economic stability in Norway. Norges Bank has executive and advisory responsibilities in the area of monetary policy and is responsible for promoting robust and efficient payment systems and financial markets. Norges Bank manages Norway’s foreign exchange reserves and the Government Pension Fund Global.
National Bank of Denmark (Danmarks Nationalbank)
Base Currency: DKK
Danmarks Nationalbank (English: National Bank of Denmark) is the central bank of the Kingdom of Denmark. It is a non-eurozone member of the European System of Central Banks (ESCB). Since its establishment in 1818, the objective of the Nationalbank as an independent and credible institution is to issue the Danish currency, the krone, and ensure its stability. The Board of Governors holds full responsibility for the monetary policy.
As the central bank of Denmark, Danmarks Nationalbank is responsible for conducting monetary policy in Denmark. Denmark maintains a fixed-exchange-rate policy vis-à-vis the euro area and participates in the European Exchange Rate Mechanism, ERM 2, at a central rate of 746.038 kroner per 100 euro with a fluctuation band of +/- 2.25 per cent. The fixed-exchange-rate policy provides a framework for low and stable inflation in Denmark. Danmarks Nationalbank conducts monetary policy by setting the monetary-policy interest rates. In the short term, Danmarks Nationalbank may also influence the exchange rate of the krone by intervening, i.e. buying and selling foreign exchange in the market..
National Bank of Poland (Narodowy Bank Polski)
Base Currency: PLN
The central bank plays a key role in a developed market economy. It fulfils the following three basic functions:
Issuing bank. The NBP has the sole right to issue the currency that is legal tender in Poland. Narodowy Bank Polski determines the amount of currency issued and the time at which the currency enters in circulation, for the liquidity of which it is responsible. It also organises money circulation and regulates the amount of currency in circulation.
Banks' bank. The NBP performs regulatory functions with regard to other banks, in order to ensure the safety of deposits held by the banks and the stability of the banking sector. The NBP organises the monetary clearing system, services current interbank settlements and actively participates in the interbank money market. Narodowy Bank Polski is responsible for the stability and safety of the entire banking system. The NBP also supervises payment systems in Poland.
Central bank of the State. The NBP provides banking services to the central government, holds the accounts of government and other central state institutions, state special-purpose funds, as well as central government entities, and executes their payment orders.
Central Bank of Nigeria (Central Bank of Nigeria)
Base Currency: NGN
The Central Bank of Nigeria was established by the CBN Act of 1958 and commenced operations on July 1, 1959.
The major regulatory objectives of the bank as stated in the CBN act of 1958 is to: maintain the external reserves of the country, promote monetary stability and a sound financial environment, and to act as a banker of last resort and financial adviser to the federal government. The central bank's role as lender of last resort and adviser to the federal government has sometimes pushed it into murky regulatory waters. After the end of imperial rule the desire of the government to become pro-active in the development of the economy became visible especially after the end of the Nigerian civil war, the bank followed the government's desire and took a determined effort to supplement any short falls in credit allocations to the real sector. The bank soon became involved in lending directly to consumers, contravening its original intention to work through commercial banks in activities involving consumer lending. However, the policy was an offspring of the indigenisation policy at the time. Nevertheless, the government through the central bank has been actively involved in building the nation's money and equity centers, forming securities regulatory board and introducing treasury instruments into the capital market.
Central Bank of Bolivia (Banco Central de Bolivia)
Base Currency: BOB
The Central Bank of Bolivia is a public institution with legal personality and its own assets. In the framework of the economic policy of the state is a function of the Central Bank of Bolivia maintain stability of the domestic purchasing power of the currency, to contribute to economic and social development.
The powers of the Central Bank of Bolivia, in coordination with the economic policy determined by the Executive Branch, in addition to those identified by law:
- Determine and implement monetary policy.
- Run the exchange rate policy.
- Regular payment system.
- To authorize the issuance of currency.
- Manage international reserves.
Central Bank of Costa Rica (Banco Central de Costa Rica)
Base Currency: CRC
The Central Bank of Costa Rica is an institution whose aim is to control inflation. To meet its objectives, it works jointly with the National Council for the Financial System’s Oversight. It is also entrusted with the issuance and administration of Costa Rican currency, among other tasks.
Central Bank of the Dominican Republic (Banco Central de la República Dominicana)
Base Currency: DOP
The Central Bank of the Dominican Republic was created on October 9th, 1947, in accordance with Statutory Law No. 1529. It commenced operations on October 23rd of the same year, serving as a decentralized and independent organization. At present, it is governed by the Monetary and Financial Law.
The Central Bank is ruled by the Monetary Board.
To guarantee the stability of prices, the appropriate regulation of the financial system and the suitable operation of the payment systems, acting as the issuer and executor of the monetary and exchange, in agreement with the duties conferred this institution by the constitution and the law.