The Central Bank is an institution designed to control the quantity of money in the economy and also to oversee the safety and stability of the banking system.
The role of the Central bank is responsible for overseeing the monetary system for a nation or group of nations, along with a wide range of other responsibilities, from overseeing monetary policy to implementing specific goals such as currency stability, low inflation, and full employment.
The role of the central bank has grown in importance in the last century. To ensure the stability of a country's currency, the central bank should be the regulator and authority in the banking and monetary systems.
It also has responsibilities including, issuing money, stabilizing financial systems, and others.
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