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Auroran Central Bank: Difference between revisions
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The '''Auroran Central Bank''' (ACB) is the central bank of the [[Kirib]] Monetary Union (kiribzone) – a union of nations primarily located in [[Aurora]]. The bank is located in [[Tarov]], [[Tivot]] and is headed by President of the ACB, Edith Dohaer of [[Great Morstaybishlia]]. The bank regulates and controls the kirib and succeeded the Bank of Staynes in this role. The working language of the organization is [[Staynish]].
== History ==
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The purpose of the ACB is to maintain price stability in the Kiribzone. It accomplishes this purpose through the following tasks:
* Deciding and implementing monetary policy,
* Overseeing the convertability of the kirib,
* Issuing kirib banknotes and coordinating the supply and issuance of coins,
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* Consulting with the central banks of member states on the supervision of the banking industry,
* Advising the member states of the Kiribzone on economic, trade and fiscal policy.
* Acting as a lender of last resort to the central banks of member states
* Acting as a banker to the [[United Nations of the Auroran Continent]]
== Governance ==
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* Deciding on the admission, expulsion or suspension of member states,
* Setting the continental overnight and repo rates
* Developing convergence criteria which states must meet before being admitted,
* Setting the foreign exchange regime of the kirib,
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[[Category:Aurora]]
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