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>مصرف الغانذارا المركزي | |+ colspan=2 align=center | Central Bank of Gandhara</br>{{lang|ar|nocat=true|مصرف الغانذارا المركزي}} | ||
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| colspan=2 align=center | [[File:CBG Tower.png|250px]]<br>Headquarters of the CBG in [[Rhea]] | | colspan=2 align=center | <center>[[File:CBG Tower.png|250px]]<br>Headquarters of the CBG in [[Rhea]]</center> | ||
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| '''Headquarters''' || [[Rhea]], [[Gandhara]] | | '''Headquarters''' || [[Rhea]], [[Gandhara]] | ||
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| '''Central bank of''' || [[Gandhara]] | | '''Central bank of''' || [[Gandhara]] | ||
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| '''Currency''' || [[Gandhari dinar]]<br> GAD ([[Wikipedia: | | '''Currency''' || [[Gandhari dinar]]<br> GAD ([[Wikipedia:ISO 4217|ISO 4217]]) | ||
|- | |- | ||
| '''[[Wikipedia: | | '''[[Wikipedia:Bank rate|Bank rate]] || 4.60% | ||
|} | |} | ||
The '''Central Bank of Gandhara''' ([[Wikipedia: | The '''Central Bank of Gandhara''' ([[Wikipedia:Arabic|Arabic]]: {{lang|ar|nocat=true|مصرف الغانذارا المركزي}}) is the [[Wikipedia:Central bank|central bank]] of [[Gandhara]], and was established in September 1965. It is entirely [[Wikipedia:State ownership|government owned]], and its headquarters are located in the capital city of [[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: | 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== | ==History== | ||
In 1885, the [[Wikipedia: | 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: | 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== | ==Building== | ||
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* to control the issue of banknotes and coins of the national currency; | * to control the issue of banknotes and coins of the national currency; | ||
* to manage the monetary policy of the country; | * to manage the monetary policy of the country; | ||
* to regulate the [[Wikipedia: | * to regulate the [[Wikipedia:Exchange rate|exchange rate]] between the national currency and other currencies, and to supervise its observance; | ||
* to manage the official reserves of Gandhara. | * to manage the official reserves of Gandhara. | ||
Revision as of 18:13, 19 November 2017
 Headquarters of the CBG in Rhea | |
| Headquarters | Rhea, Gandhara |
| Established | 10 September 1965 |
| Governor | Hisham Melhem |
| Central bank of | Gandhara |
| Currency | Gandhari dinar GAD (ISO 4217) |
| Bank rate | 4.60% |
The Central Bank of Gandhara (Arabic: مصرف الغانذارا المركزي) is the central bank of Gandhara, and was established in September 1965. It is entirely government owned, and its headquarters are located in the capital city of 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.
History
In 1885, the 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 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 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
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.