The central bank is the institution that controls the monetary and banking structure of the country. The central bank (CRB)is a non-profit making the financial institution. CRB is at the highest point of the whole financial system of the country. CRB has monopoly power of note issue. In other words, it is the principal banking and monetary institution of a country. It controls and regulates the activities of other banks. It is under government ownership and management. It regulates the monetary and credit conditions to attain the goals of the state. Functions of Central Bank: A central bank is the apex institution of a country’s monetary system. Since the monetary system of the country, in any case in a developing country, a central bank is also the apex institution of its financial system. As such it plays a leading role in organizing running, supervising, regulating and developing the monetary-financial system. A central bank perfo...
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