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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.
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