the current central bank of the united states is federal reserve.
the current central bank of the united states is federal reserve.
the current central bank of the united states is?
federal reserve
the history of the bundesbank is inextricably linked with the history of the german currency after the second world war. following the total destruction after the war, the old reichsmark was practically worthless, and a currency reform was implemented in the western occupation zones including west berlin: on 21 june 1948, the d-mark, or deutsche mark, replaced the reichsmark. the currency reform was based on laws enacted by the allied military government. in preparation, the western powers established a new two-tier central bank system in the occupied zones; in its federal structure, it was modeled on the federal reserve system of the usa. it comprised the central banks of the states ("länder") of the west german occupation zones and the bank deutscher länder in frankfurt am main, which was created on 1 march 1948. the central banks of the "länder" acted as central banks within their areas of jurisdiction. the bank deutscher länder, whose share capital was held by the central banks of the "länder", was responsible for issuing bank notes, co-ordinating policy and various central tasks including management of foreign exchange. the supreme governing body of the two-tier central bank system was the central bank council ("zentralbankrat") set up at the bank deutscher länder. it consisted of a president, the presidents of the central banks of the "länder" and the president of the directorate (board) of the bank deutscher länder. amongst other things, the central bank council determined policy on bank rate and minimum reserve policy, open-market policy guidelines and granting of credit. after the negative experience with a central bank subject to government orders, the principle of an independent central bank was established. the "bank deutscher länder" was independent of german political bodies from the start, including the federal german government, which was active from september 1949. it achieved independence from the allies in 1951.
deutsche bundesbank
the current central bank of bahrain governor is rasheed al maraj. in november 2014, he decided to further develop the kingdom's growing insurance sector. he acknowledged the necessity for the central bank to co-operate with the insurance market to support the insurance sector, also insisting on the insurance firms' obligations to fulfill their social responsibility. the central bank governor is the chairman of the board of directors of the bahrain bourse.
central bank of bahrain