Oan Central Bank: Difference between revisions

The '''[[Oan Central Bank]]''' (''Te Peeke Pokapū Oa'') is the central bank of [[the Oan Isles]].It was founded in 1891 to help the government raise money, modernise the banking sector and prevent the hyperinflation precipitated by the [[Morsto-Oan War]]. Because the Oan Isles is a member of the [[Kirib]] Monetary Union, many of the price stability and currency control functions it performed when the Oan Isles used the Oan dollar (''tara Oa'') have been surrendered to the [[Auroran Central Bank]]. Nevertheless, it continues to act as a lender of last resort, manages the state's foreign exchange and gold reserves, acts as the banker of the government and it regulates the Oan banking system. Governor Pauro Toangakau, who helms the organization, also represents the Oan Isles in the Board of Governors of the Auroran Central Bank. It is seated in the city of [[Tokapa]].