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Functions of the Central Bank:
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implementation regulation and supervision of the
banking industry
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controls the nation's entire money supply
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the Government's banker and the bankers' bank
("Lender of Last Resort")
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manages the country's foreign exchange and gold
reserves and the Government's stock register
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setting the official interest rate - used to
manage both inflation and the country's exchange rate and
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ensuring that this rate takes effect via a
variety of policy mechanisms.
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