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.
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