The Bank of Canada's responsibilities focus on the goals of low and stable inflation, a safe and secure currency, financial stability, and the efficient management of government funds and public debt. Public Information Bank of Canada 234 Wellington Street Ottawa, Ontario, Canada K1A 0G9
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. Located in Beijing, the head office of the PBC consists of 13 functional departments, namely, Governor's Office, Legal Department, Monetary Policy Department, Banking Supervision Department I, Banking Supervision Department II, Department of Non-Bank Financial Institutions, Department of Cooperative Finance, Statistics Department, Accounting and Treasury Department, Payment System and Technology Development Department, International Department, Internal Auditing Department, and Personnel and Education Department. In order to ensure scientific formulation and implementation of monetary policy and effective supervision of financial institutions, the functional departments are complemented by five supporting departments, namely, the Research Bureau, the Bureau of Currency, Gold and Silver Administration, the Bureau of State Treasury, the Security Office, and the Training Center. The PBC maintains two operations offices, nine regional branches, 326 prefecture-level sub-branches and 1827 county-level sub-branches. Other affiliates of the PBC include the Bank Note Printing Company, the Clearing Center, China Foreign Exchange Trading Center, and a number of representative offices in major international financial centers. Address: No.32 ChengFang Street,XiCheng district,Beijing,China PostCode:100800 Tel:86-010-66194114
Al intensificarse la actividad econуmica y bancaria del paнs, surgiу la necesidad de crear un Banco Central que actuara como mayor autoridad que el simple Departamento Emisor que hasta ese momento (1945) estaba adscrito al Banco Nacional de Costa Rica; este ъltimo establecido a fines de 1936 al reorganizarse el antiguo Banco Internacional.
En 1948, al decretarse la nacionalizaciуn de la banca privada -recepciуn de depуsitos del pъblico - y dada la necesidad de dotar al nuevo Sistema Bancario Nacional de una integraciуn orgбnica adecuada y una orientaciуn eficiente por parte del Estado, se hizo mбs urgente la necesidad de establecer el Banco Central como уrgano independiente y rector de la polнtica econуmica, monetaria y crediticia del paнs. Con este propуsito se promulgу la Ley 1130, del 28 de enero, 1950, que estableciу el Banco Central de Costa Rica con caracterнsticas definidas y propias, que le permitieron, en lo sucesivo, actuar como Organo Central de la economнa del paнs.
Por la importancia que tuvo para la historia bancaria de Costa Rica la fundaciуn del Banco Central de Costa Rica, el respectivo proyecto, que derivу en la Ley 1130, incluye varios razonamientos para sustentar la decisiуn de los Poderes Legislativo y Ejecutivo de dictar y sancionar esa ley, la cual, en un principio, tuvo un carбcter transitorio, por cuanto el Banco Central de Costa Rica tendrнa las mismas funciones y facultades del Departamento Emisor del Banco Nacional de Costa Rica, hasta la desapariciуn de este ъltimo. Entonces el Banco Central de Costa Rica operу con sujeciуn a las disposiciones de ambas leyes: la de su fundaciуn y la que regнa al Departamento Emisor.
El 23 de abril, 1953 fue promulgada la Ley 1552, denominada Ley Orgбnica del Banco Central de Costa Rica, la cual, fue sustituida por la Ley 7558 del 3 de noviembre, 1995.
The Central Bank of Cyprus was established in 1963, shortly after Cyprus gained its independence, as an autonomous institution in accordance with the Central Bank of Cyprus Law of 1963 and relevant articles of the Constitution of the Republic of Cyprus. As of 5 July 2002, the Central Bank of Cyprus is governed by the Central Bank of Cyprus Law of 2002. This new law ensures the independence of the Central Bank of Cyprus and compatibility with the relevant provisions of the Treaty establishing the European Community and the Statute of the European System of Central Banks. At the same time, the pertinent Constitutional provisions were amended so as to ensure central bank independence as prescribed by the European Union (EU) acquis.
80, KENNEDY AVENUE, CY-1076 LEFKOSIA or P.O.BOX 25529, CY-1395 LEFKOSIA
Monetary stability has an internal dimension (price stability) and an external dimension (exchange rate stability). Recently, the internal dimension of monetary stability - price stability - i.e. creation of low-inflation environment has become the primary objective of central banks. Achieving and maintaining monetary stability is the central bank's ongoing contribution to the creation of conditions for a sustainable economic growth. Central bank independence is a prerequisite for the implementation of monetary policy leading to price stability. The primary aim of monetary policy and the central bank's objective are laid down in the provisions of Article 98 of the Constitution of the Czech Republic and of Article 2 of Act No. 6/1993 Coll., on the Czech National Bank. These charge the Bank with maintaining price stability.
Date of Establishment: 1961. Paid up Capital: 100 million Egyptian pounds ( LE). Legal Reserves: 100 % of the Bank's capital. The Board of Directors may set aside percentage of net annual profits to form other reserves. Legal Form: The CBE is an autonomous public legal entity assuming the authorities and powers vested in it by Law No.163 of 1957, Law No.120 of 1975 and their amendments and Presidential Decree No.59 of 1993 and Law No.155 of 1998 (organizing private sector participation in the capital of public sector banks). Please click here for the whole text. Board of Directors: Chairman (Governor), Vice Chairman (Deputy Governor) and 12 Members. Advisors Chief Advisor and Advisors Senior Management: Sub-Governors, Assistant Sub-Governors, & Secretary General. Purposes & Functions: The main responsibilities of the CBE are as follows:- A) Issuance of banknotes. B) Formulating monetary , credit , & banking policy and supervising its implementation. C) Maintaining the stability of the Egyptian currency. D) Management of the State reserves of gold & foreign exchange. E) Control of banks. F) Act for the government in managing public debt & advise the government before concluding local & foreign loans and credit facilities. CBE Organizational Chart Address, Telephone, Telex,& Fax for CBE departments .
