The specific functions of the central bank are:
1. Participate in international financial activities on behalf of the government, coordinate and negotiate financial affairs, and actively promote cooperation and development in the international financial field. Participate in major international financial decisions.
2 to provide economic and financial information and decision-making suggestions for the government, and to release economic and financial information to the society.
3. Create conditions for non-cash settlement among commercial banks.
4. The central bank acts as the lender of last resort for commercial banks and other financial institutions.
Extended data:
The main business of the central bank
I. Payment and settlement
Provide accounting services. In the practice of payment and settlement of central banks in various countries, the central bank generally acts as an intermediary for inter-bank settlement, providing clearing accounts for banks, and realizing inter-bank transfer through the setting and use of clearing accounts.
Second, the mortgage.
The central bank informed that it will obtain liquidity support through the Standing Loan Facility (SLF), with a total amount of about 200 billion yuan. In addition, the CICC report predicts that the liquidity actually put in by the central bank may be higher than 200 billion yuan, reaching 300-400 billion yuan.
Third, the net purchase of gold
The highest authority of the International Monetary Fund (IMF) is the board of directors, which is composed of 1 directors and 1 deputy directors from all member countries, usually held by finance ministers or central bank governors, and meets once a year in September.
Fourth, digital currency.
2065438+February 2007, the blockchain digital bill trading platform promoted by the central bank has been successfully tested, and the legal digital currency issued by the central bank has been put into trial operation on the platform. This means that, globally, Bank of China will become the first central bank to issue digital currency and carry out real application.
References:
Baidu encyclopedia-central bank