We all know what a Central Bank means in modern economy- controlling banking and currency system, foreign exchange, monetary system. Our country central bank is the Reserve Bank of India.
But there are some countries without a Central bank. How they manage their economy. Follow the link:
http://in.finance.yahoo.com/photos/revealed-countries-without-central-banks-slideshow/
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We all know what a Central Bank means in modern economy- controlling banking and currency system, foreign exchange, monetary system. Our country central bank is the Reserve Bank of India.
But there are some countries without a Central bank. How they manage their economy. Follow the link:
http://in.finance.yahoo.com/photos/revealed-countries-without-central-banks-slideshow/
What I understood from the link you gave, though there are countries without a central bank, there are some institutions in those respective countries functioning successfully like any central Bank in any country.
We all know what a Central Bank means in modern economy- controlling banking and currency system, foreign exchange, monetary system. Our country central bank is the Reserve Bank of India.
But there are some countries without a Central bank. How they manage their economy. Follow the link:
http://in.finance.yahoo.com/photos/revealed-countries-without-central-banks-slideshow/
these country may be small country like Vatican city. Any bank of these country may be working as central bank.
We all know what a Central Bank means in modern economy- controlling banking and currency system, foreign exchange, monetary system. Our country central bank is the Reserve Bank of India.
But there are some countries without a Central bank. How they manage their economy. Follow the link:
http://in.finance.yahoo.com/photos/revealed-countries-without-central-banks-slideshow/
these country may be small country like Vatican city. Any bank of these country may be working as central bank.
No bank in these country is Central Bank. But they have alternate arrangement for functions that would be done by Central bank of country.
Topic Author
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Gulshan Kumar Ajmani
@gkajmani
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Created
Thursday, 02 May 2013 05:05
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Tuesday, 30 November -0001 00:00
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