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Why central banks buy either their currency or the currency of another nation in the effort to countrol exchange rates
The Rothchilds own all the banks.
The Rothchilds own all the banks.
Central banks are the regulator or supervisors of banking operations in a country. All member banks that operate in a country have to follow the rules laid down by them. The government of the country usually controls their operations but in most cases they have powers to take decisions on their own.
Central banks control the foreign currency reserves that are used for international trade.They also set each country's monetary policies.
Banks are the financial intermediaries of any economy. They accept deposits from customers who have surplus cash and use it to lend loans to other customers. If they are let to function without any supervision, they can cause chaos in the economy. They can work in a way that will generate profits for them and forget the customer interest. That is why, we need central banks. The purpose of central banks is to supervise the banking operations of all member banks in the country and ensure that they operate in a fair manner and dont underprivilege the customer. Reserve bank of India is the central bank of India and Federal Reserve is the central bank of USA. They aim to supervice and control all banks that operate in India and USA. similarly, each country has its own central bank
No. The Government oversees the operations of all the banks but it does not own them. Nationalized banks are partially owned by the government but private banks are not owned by the government.
Member banks located in california
Africa is a continent, made up of more than 50 individual countries, most of which are autonomous in their sovereignty. Most, if not all, of these countries have their own Central Banks and thus their own currencies.
The only company I know that Tyra Banks is part owner of is Bankable Enterprises. She doesn't really own anythingon her own.
The Bank Can't Print its own money because only the treasury can print or make money . Every country would have a central governing authority for banks and they print paper and mint coin money.