Oan Central Bank: Difference between revisions
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{{Infobox organization▼
The '''Bank of the Oan Isles''' (''Te Peeke o Nga Motuere Oa'') is the central bank of [[the Oan Isles]]. 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, 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]]. ▼
| name = Bank of the Oan Isles▼
| native_name = Te Peeke o Nga Motuere Oa▼
| native_name_lang = OAN▼
| abbreviation = BOAN▼
| motto = Let the Oan Isles remain prosperous (''Me noho pai te Moutere Oa'')▼
| predecessor = Treasury of the Oan Isles▼
| successor = [[Auroran Central Bank]] (monetary policy)▼
| formation = 8 January 1891▼
| type = Central bank▼
| status = Public bank▼
| headquarters = Bank of the Oan Isles Building ('' Whare o te Peeke o Nga Motuere Oa'')▼
| location = [[Tokapa]], Tokamotu, [[The Oan Isles]]▼
| region = The Oan Isles▼
| language = [[Wikipedia:Maori language|Oan]]▼
| owner = Government of the Oan Isles▼
| leader_title = Governor▼
| leader_name = Pauro Toangakau▼
| website = www.bank.gov.oan▼
}}▼
▲The '''Bank of the Oan Isles''' (''Te Peeke o Nga Motuere Oa'') is the central bank of [[the Oan Isles]].It was founded in 1891 to help the government control the 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, 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]].
== History ==
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== Criticism ==
The Bank of the Oan Isles was praised for its steadfastness in ensuring that the Oan currency was enviably stable and well-balance. Although it lost some of its currency control powers, it has been lauded for its professionalism and consistency. Opponents of the adoption of the kirib believe that the currency is overvalued and makes Oan goods and services (especially low-valued added goods like fish and timber) uncompetitive. While this is not a specific criticism of the bank, the Bank is often seen as a silent spectator at best and willing accomplice of the globalist neo-liberal capitalist ideals that have led to the decline of key and historical Oan industries.
▲{{Infobox organization
▲| name = Bank of the Oan Isles
▲| native_name = Te Peeke o Nga Motuere Oa
▲| native_name_lang = OAN
▲| abbreviation = BOAN
▲| motto = Let the Oan Isles remain prosperous (''Me noho pai te Moutere Oa'')
▲| predecessor = Treasury of the Oan Isles
▲| successor = [[Auroran Central Bank]] (monetary policy)
▲| formation = 8 January 1891
▲| type = Central bank
▲| status = Public bank
▲| headquarters = Bank of the Oan Isles Building ('' Whare o te Peeke o Nga Motuere Oa'')
▲| location = [[Tokapa]], Tokamotu, [[The Oan Isles]]
▲| region = The Oan Isles
▲| language = [[Wikipedia:Maori language|Oan]]
▲| owner = Government of the Oan Isles
▲| leader_title = Governor
▲| leader_name = Pauro Toangakau
▲| website = www.bank.gov.oan
▲}}
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