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India and Asia Reserve Banks Economy - Central Banks |
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Reserve Bank of India |
| | Established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. Central Office at Mumbai since inception Though originally privately owned, since nationalisation in 1949 fully owned by the Government of India The Preamble prescribes the objective as: "…to regulate the issue of Bank Notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage." more
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Bank of Indonesia | Bank of Indonesia | | is the Central Bank of the Republic of Indonesia forming the "State Institution" as set forth in the Constitution of 1945 which has the task to assist the President in carrying out monetary and banking policies and which is not positioned under a State Ministry. The position of Bank Indonesia is that of a Monetary Authority and forms part of the Indonesian Monetary System.
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Bank of Thailand | Bank of Thailand Thailand Economy - Links | | " The Thai National Banking Bureau, set up in 1939 with the status of a department attached to the Ministry of Finance, was the first organization to assume central banking activities in Thailand. The Bureau started operations on June 24, 1940 with Phraya Songsuraraj, then the Comptroller General, as Director. However, its initial operations were limited to some of the central banking functions such as managing the issue of government bonds, taking deposits from and lending to the Government, government agencies and commercial banks and transferring fund between the central region and the other parts of the country. In 1941, the Bureau started operating the exchange control. After the Second World War had spread to Asia, the Government decided to change the status of the Bureau to that of a central bank. The Bank of Thailand Act was thus promulgated in 1942 decreeing the Bank of Thailand a juristic person responsible for all central banking activities." ... more
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State Bank Pakistan | The State Bank of Pakistan | " Our Vision is to transform SBP into a modern and dynamic central bank, highly professional and efficient, fully equipped to play a meaningful role on sustainable basis in the economic and social development of Pakistan. "
| " Our mission is to promote monetary and financial stability and foster a sound and dynamic financial system, so as to achieve sustained and equitable economic growth and prosperity in Pakistan. "
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The People's Bank of China | | " The People's Bank of China (PBC) is the central bank of the People's Republic of China. Its chief mandate is to formulate and implement monetary policy and supervise and regulate the financial industry. The PBC was established on December 1, 1948 based on the consolidation of the former Huabei Bank, the Beihai Bank and the Xibei Peasant Bank. In September 1983, the State Council decided to have the PBC function as a central bank. The Law of the People's Republic of China on the People's Bank of China passed on March 18, 1995 legally confirmed the PBC's central bank status. The PBC's main functions include: formulating and implementing monetary policy; issuing and administering the circulation of the currency; licensing and supervising financial institutions; regulating financial markets; managing official foreign exchange and gold reserves; acting as fiscal agent; maintaining payment and settlement system; collecting and analyzing financial statistical data; participating in international financial activities at the capacity of the central bank; and overseeing the State Administration of Foreign Exchange. " ... More on the PBC
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Hong Kong Monetary Authority | | " The Hong Kong Monetary Authority (HKMA) was established on 1 April 1993 by merging the Office of the Exchange Fund with the Office of the Commissioner of Banking. Its main functions and responsibilities are governed by the Exchange Fund Ordinance and the Banking Ordinance and it reports to the Financial Secretary. The HKMA is the government authority in Hong Kong responsible for maintaining monetary and banking stability. Its main functions are: keeping the Hong Kong dollar stable managing the Exchange Fund - Hong Kong's official reserves - in a sound and effective way promoting the safety of Hong Kong's banking system developing Hong Kong's financial infrastructure to enable money to flow smoothly, freely and without obstruction. The HKMA's policy objectives are: to maintain currency stability, within the framework of the linked exchange rate system, through sound management of the Exchange Fund, monetary policy operations and other means deemed necessary; to promote the safety and stability of the banking system through the regulation of banking business and the business of taking deposits, and the supervision of authorised institutions; and to enhance the efficiency, integrity and development of the financial system. " ... More
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Other Central Bank (BIS) | |
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