Monetary authority
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Monetary authority is a generic term in finance and economics for the entity which controls the money supply of a given currency, and has the right to set interest rates, and other parameters which control the cost and availability of money. Generally a monetary authority is a central bank, though often the executive branch of a government has de facto control over monetary policy by controlling the central bank. There are other arrangements, for example democratic governance of monetary policy, a central bank for several nations, a currency board which restricts currency issuance to the amount of another currency, free banking where a broad range of entities can issue notes or coin.
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[edit] Americas
[edit] Asia
- Hong Kong Monetary Authority
- Maldives Monetary Authority
- Monetary Authority of Singapore
- Royal Monetary Authority of Bhutan
- Reserve Bank of India
- State Bank of Pakistan
[edit] Middle East
[edit] Oceania
[edit] See also
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