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A central bank, reserve bank, or monetary authority is an institution that manages the currency, money supply, and interest rates of a state or formal monetary union, and oversees their commercial banking system.
The European Central Bank is the de facto successor of the European Monetary Institute (EMI). The EMI was established at the start of the second stage of the EU's Economic and Monetary Union (EMU) to handle the transitional issues of states adopting the euro and prepare for the creation of the ECB and European System of Central Banks (ESCB).
Central banks usually oversee the commercial banks of their country. It issues the national currency, the nation's money. It controls the overall supply of money. In contrast to a commercial bank, a central bank can increase or decrease the amount of money in the nation. The oldest central bank is the Bank of England.
Bank for International Settlements – an international organisation which fosters international monetary and financial cooperation and serves as a bank for central banks. References Edit ^ a b Part of the Kingdom of the Netherlands , but not of the EU .
Central Bank offers personal and business banking solutions throughout Missouri, Kansas, Illinois, and Oklahoma with over 130 locations.
Central Bancompany is a privately held holding-company headquartered in Jefferson City, Missouri. We manage more than $14 Billion in assets, 13 regional banks, as well as numerous subsidiaries, including: Central Investment Advisors (CIA), Central Trust Company (CTC), Central Mortgage Company (CMC), and Central Technology Services (CTS).
Wikipedia is a free online encyclopedia, created and edited by volunteers around the world and hosted by the Wikimedia Foundation.
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central bank Wikipedia ( banking ) The principal monetary authority of a polity or monetary union ; it normally regulates the supply of money , issues currency and controls interest rates .