Reserve Bank of India and RBI has an important role to play in regulating & managing this segment. RBI manages forex and gold reserves of the nation. On a given day, the foreign exchange rate reflects the demand for and supply of foreign exchange arising from trade and capital transactions. The RBI's Financial Markets Department (FMD) participates in the foreign exchange market by undertaking sales / purchases of foreign currency to ease volatility in periods of excess demand for/supply of foreign currency. Reserve bank of India is the sole body who is authorized to issue currency in India. The bank also destroys the same
Central Bank of The Gambia Central Bank of The Gambia The Central Bank of The Gambia is the central bank of The Gambia. Its name is abbreviated to CBG. The bank is located in Banjul and was established in 1971. Bakary Jammeh is the current Governor. As a central bank, CBG is responsible for providing banking services to the Gambian government, for managing interest rates and foreign exchange, for interacting with Gambian industries, for supporting microfinance, and for managing the value of the dalasi, which is The Gambia's currency. The bank is responsible for managing the sale of Gambian bonds and treasury bills on the