What is Central BanK? Main functions of Central Bank
The Central Bank is the leading financial institution of a country or group of countries, responsible for managing the monetary system and implementing monetary policy. The Central Bank plays an essential role in stabilizing the economy and ensuring the stability of the national currency . Follow the AZcoin article to better understand the functions and importance of the central bank. What is the Central Bank? The Central Bank is the key institution in the national financial system. With the task of managing and regulating the currency, the central bank ensures that the economy operates efficiently and stably. It’s the only institution with the power to issue currency and adjust interest rates to control inflation and ensure economic stability. History and Origin of Central Bank The history of central banking dates back to the 17th century with the establishment of the Riksbank in Sweden in 1668, which is considered the oldest central bank in the world. Over time, central banks, inc