The Bank

FUNCTIONS OF THE BANK

What are the Functions of the Bank?

To carry out successfully its policy and to fulfill the objectives, the Central Bank performs the following functions:

• Regulates the issue, supply and availability of money
• Acts as banker to Government and commercial banks
• Advises Government on monetary and fiscal matters
• Manages the island’s foreign exchange reserves
• Provides accurate and timely statistical data to Government and to the Public
• Manages the Public Debt
• Supervises the operations of all financial institutions, especially the commercial banks.