Current location - Loan Platform Complete Network - Foreign exchange account opening - On the Functions of the Central Bank
On the Functions of the Central Bank
The functions of the central bank are as follows:

(1) The central bank is the issuing bank.

The central bank is the "issuing bank", which means that the state gives the central bank the privilege of centralizing and monopolizing currency issuance and becomes the only currency issuing institution in the country.

(2) The central bank is the bank of the bank.

Specific performance:

1, centralized deposit reserve;

2. Financing banks;

3. Organize interbank clearing;

4. Preside over the foreign exchange positions of foreign exchange banks.

(3) The central bank is the bank of the government.

Specific performance:

1, acting as the treasury;

2. subsidizing the government;

3. Acting for government finance; Including issuing and repaying national debt, hosting gold and foreign exchange reserves.

4. Participate in international financial activities and handle international financial affairs on behalf of the government.

(4) The central bank is the bank that manages finance.

Specific performance:

1, formulate and implement monetary policy;

2. Formulate and implement financial laws and regulations and basic rules and regulations for banking business;

3. Supervise and manage the business activities of financial institutions;

It should be noted that with the establishment of the CBRC, the supervision function of the central bank has been weakened. At present, its supervision scope is limited to payment, settlement, cash management, foreign exchange management and account management, and the main supervision functions are undertaken by the CBRC.