Central bank

A central bank is a financial institution that is in charge of controlling a country's monetary policy, currency supply, and interest rates. The primary function of a central bank is to regulate and stabilize the country's economy by managing the money supply and credit conditions to promote economic growth and stability. Central banks also provide financial services to the government and commercial banks, including handling deposits, issuing banknotes, and regulating the banking system. Central banks are a crucial part of a country's financial system, as they play a vital role in maintaining economic stability and promoting sustainable growth.