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CENTRAL BANK C6690652-68B1-43C9-A184-043EAADCEBBB-1237-000000D53A13F796…
CENTRAL BANK
the sole issuer of banknotes and coins
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the government's bank
as the government's bank, it maintains the bank accounts of the central government
receiving deposits from government,
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the central bank manages public sector debt and represents of government in international financial markets
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this is become an important function b/c such intervention can help to stabilise the external value of a nation 's currency
the banker's bank
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the lender of last resort
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