BANKING (PART 2) : CENTRAL BANK AND ITS FUNCTIONS

CENTRAL BANK is an APEX body that controls, regulates and directs the entire banking and monetary structure of the country.

FUNCTIONS OF CENTRAL BANK

- Bank of Issuing Notes

- Banker to the Government

- Bankers’ Bank and Supervisor

- Lender of the Last Resort

- Custodian of Foreign Exchange

- Clearing House

-  Control of Credit