Reserve Bank of India Reserve Bank of India The Reserve Bank of India (RBI) is India's central banking institution, which controls the issuance and supply of the Indian rupee. Until the Monetary Policy Committee was established in 2016, it also controlled monetary policy in India. It commenced its operations on 1 April 1935 in accordance with the "Reserve Bank of India Act, 1934". The original share capital was divided into shares of 100 each fully paid, which were initially owned entirely by private shareholders. Following India's independence on 15 August 1947, the RBI was nationalised on 1 January 1949. The RBI plays an important
Central Bank of The Bahamas Central Bank of The Bahamas The Central Bank of the Bahamas is the reserve bank of the Bahamas based in the capital Nassau. The bank was established in 1974 but traces its origins to the currency board established in 1919. The bank carries out the independent monetary policy and supervision of the financial sector of the Bahamas. In 1919, the British Government established the Board of Commissioners of Currency to issue local Bahamian currency pegged to the pound sterling. The Board helped promote the Bahamas' emergence as an international currency trading and banking center during the 1960s and 70s. By