National Bank of Gandhara: Difference between revisions

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{|class=infobox width=250px
{|class=infobox width=250px
|+ colspan=2 align=center | Central Bank of Gandhara</br>{{lang|ar|nocat=true|مصرف الغانذارا المركزي}}
|+ colspan=2 align=center | Central Bank of Gandhara
|-
|-
| colspan=2 align=center | <center>[[File:CBG Tower.png|250px]]<br>Headquarters of the CBG in [[Rhea]]</center>
| colspan=2 align=center | <center>[[File:Central Bank of Gandhara headquarters.jpg|250px]]<br>Headquarters of the Central Bank of Gandhara in [[Rhea]]</center>
|-
|-
| '''Headquarters''' || [[Rhea]], [[Gandhara]]
| '''Headquarters''' || [[Rhea]], [[Gandhara]]
|-
|-
| '''Established''' || 10 September 1965
| '''Established''' || 10 September 1939
|-
|-
| '''Governor''' || Hisham Melhem
| '''Governor''' || Patman Haidary
|-
|-
| '''Central bank of''' || [[Gandhara]]
| '''Central bank of''' || [[Gandhara]]
|-
|-
| '''Currency''' || [[Gandhari dinar]]<br> GAD ([[Wikipedia:ISO 4217|ISO 4217]])
| '''Currency''' || [[Gandhari mohar]]<br> GAM ([[Wikipedia:ISO 4217|ISO 4217]])
|-
|-
| '''[[Wikipedia:Bank rate|Bank rate]] || 4.60%
| '''[[Wikipedia:Bank rate|Bank rate]] || 4.60%
|}
|}


The '''Central Bank of Gandhara''' ([[Wikipedia:Arabic|Arabic]]: {{lang|ar|nocat=true|مصرف الغانذارا المركزي}}) is the [[Wikipedia:Central bank|central bank]] of the [[Gandhara|Arab Republic of Gandhara]]. It was established in September 1965 and is entirely [[Wikipedia:State ownership|government owned]]. Its headquarters are located in [[Rhea]].
The '''Central Bank of Gandhara''' is the [[Wikipedia:Central bank|central bank]] of the [[Gandhara|Republic of Gandhara]]. It is a wholly [[Wikipedia:State ownership|government owned]] bank, headquartered in [[Rhea]].


The role of the bank is to promote the economic and financial well-being of Gandhara. The bank is responsible for the issue of the national currency and as such it sets the [[Wikipedia:Monetary policy|monetary policy]], holds the [[Wikipedia:Currency reserves|currency reserves]], and manages the [[Wikipedia:Exchange rate|exchange rate]].
The role of the bank is to promote the economic and financial well-being of Gandhara. The bank is responsible for the issue of the national currency and as such it sets the [[Wikipedia:Monetary policy|monetary policy]], holds the [[Wikipedia:Currency reserves|currency reserves]], and manages the [[Wikipedia:Exchange rate|exchange rate]].
==History==
In 1885, the [[Wikipedia:Netherlands Trading Society|Netherlands Trading Society]] opened a branche in Rhea, the Gandhari Hollandi Bank, which acted as a de facto central bank. It kept the Emirate's gold reserves and received oil revenues on behalf of the Gandhari government. The Gandhari Hollandi Bank handed over its responsibilities to the Gandhari Monetary Agency, the first state owned Gandhari bank that was established in 1927 by the government of Gandhara.
In September 1965, the Gandhari government established the Central Bank of Gandhara (CBG) and separated all central banking responsibilities from the Gandhari Monetary Agency and assigned them to the newly formed central bank. The bank was founded as a [[Wikipedia:Legal personality|body corporate]] that does not have shareholders and is owned by the Gandhari government. The responsibilities of the central bank have been defined in the Monetary and Banking Law of Gandhara.
==Building==
The head office of the Central Bank of Gandhara is located at the Farabi Boulevard, a [[Wikipedia:Boulevard|boulevard]] in the north of Rhea. The head office is a 74 metre high building, named the CBG Tower. The construction of the building was finished in July 2005. 


==Responsibilities==
==Responsibilities==
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==See also==
==See also==
*[[Gandhari dinar]]
*[[Gandhari mohar]]


[[Category:Banks of Gandhara]]
[[Category:Banks of Gandhara]]
[[Category:Central banks]]
[[Category:Central banks]]
[[Category:Gandhara]]
[[Category:Gandhara]]

Revision as of 15:42, 22 February 2023

Central Bank of Gandhara

Headquarters of the Central Bank of Gandhara in Rhea
Headquarters Rhea, Gandhara
Established 10 September 1939
Governor Patman Haidary
Central bank of Gandhara
Currency Gandhari mohar
GAM (ISO 4217)
Bank rate 4.60%

The Central Bank of Gandhara is the central bank of the Republic of Gandhara. It is a wholly government owned bank, headquartered in Rhea.

The role of the bank is to promote the economic and financial well-being of Gandhara. The bank is responsible for the issue of the national currency and as such it sets the monetary policy, holds the currency reserves, and manages the exchange rate.

Responsibilities

The main tasks of the Central Bank of Gandhara are the following:

  • to act as a State Bank;
  • to promote the economic and financial well-being of Gandhara;
  • to control the issue of banknotes and coins of the national currency;
  • to manage the monetary policy of the country;
  • to regulate the exchange rate between the national currency and other currencies, and to supervise its observance;
  • to manage the official reserves of Gandhara.

See also