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SOP Manual for Monetary Authorities-Central Bank

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This article establishes a detailed report on “Monetary Authorities-Central Bank, SOP Manual”. This industry primarily involved in performing various bank functions to enhance the respective nations growth and also, they regulate policies regarding the banking operations in the country. The major operation of monetary authorities is to managing and controlling the country’s currency and GDP. Each and every country has its own monetary authorities-central bank and these banks, has a specific amount of independence from the political governments in the nation. Central banks are responsible for issuing the currency in the nation, where the currency are printed according to the GDP value of the country. Interest rate adjustment, change reserve requirements, and open market operations are the major tools used to implement the monetary policies. Based on the different functions the monetary policies are classified into two types such as expansionary and contractionary monetary policy.  Owing to the phenomenal economic growth, Federal Reserve bank in United States is the most influential central bank in the world. Followingly, Europe central bank and people’s bank of china dominate next in the list, where the all three banks combinedly manage monetary polices for $47.76 trillion. Currently, the global economic value has shutdown owing to the situation of COVID19 pandemic, and the market is expected to regenerate its growth.

Industry Example’s:

  • Banking, central
  • Banks, Federal Reserve
  • Branches, Federal Reserve Bank
  • Central bank, monetary authorities
  • Central bank- Clearing activities (cheque)
  • Federal Reserve Banks or Branches
  • Financial transactions done via central banks
  • International Transaction activites
  • Reserve Bank
  • Monetary authorities, central bank

1. Standard Operating Procedures (SOP) Manual for Accounts Department
2. Standard Operating Procedures (SOP) Manual for Finance Department
3. Standard Operating Procedures (SOP) Manual for Customer Service
4. Standard Operating Procedures (SOP) Manual for CRM Department
5. Standard Operating Procedures (SOP) Manual for Credit Department
6. Standard Operating Procedures (SOP) Manual for Treasury Department
7. Standard Operating Procedures (SOP) Manual for Human Resources (HR) Department
8. Standard Operating Procedures (SOP) Manual for Training Department
9. Standard Operating Procedures (SOP) Manual for Learning & Development Department
10. Standard Operating Procedures (SOP) Manual for Administration Department
11. Standard Operating Procedures (SOP) Manual for Front Office
12. Standard Operating Procedures (SOP) Manual for House Keeping
13. Standard Operating Procedures (SOP) Manual for Safety Department
14. Standard Operating Procedures (SOP) Manual for Security Department
15. Standard Operating Procedures (SOP) Manual for Facilities Management Department
16. Standard Operating Procedures (SOP) Manual for Vigilance Department
17. Standard Operating Procedures (SOP) Manual for Legal Department
18. Standard Operating Procedures (SOP) Manual for Information Technology (IT) Department
19. Standard Operating Procedures (SOP) Manual for Sales & Marketing Department
20. Standard Operating Procedures (SOP) Manual for Design & Engineering 
21. Standard Operating Procedures (SOP) Manual for Procurement Department
22. Standard Operating Procedures (SOP) Manual for Production
23. Standard Operating Procedures (SOP) Manual for SRM Department
24. Standard Operating Procedures (SOP) Manual for Supply Chain Department
25. Standard Operating Procedures (SOP) Manual for Warehouse
26. Standard Operating Procedures (SOP) Manual for New Product Development Department
27. Standard Operating Procedures (SOP) Manual for Research and Development  
28. Standard Operating Procedures (SOP) Manual for Quality Department
29. Standard Operating Procedures (SOP) Manual for Calibration Department
30. Standard Operating Procedures (SOP) Manual for Maintenance Department

Central banks are considered as a major institution for developing the economic growth of nation, where they are non-political government bodies. The major goal of this institute is to stabilize the nation’s economy by keeping un employment low and to prevent form inflation. The director of this institute is appointed by the respective nation’s chief.


Functions of Central Bank:

  • Bank of issue- Generating currency of the nation, where the currency is printed according to the determination of nation’s GDP value.
  • Act as a banking agent by involving in general banking activities
  • Performing as an advisor to the respective government, regarding to developed the nation’s wealth
  • Managing foreign balances and international trading activities
  • Generate regulation regarding the bank operations in the nation
  • Clearing House
  • Control of credit
  • Protection of depositor’s interest
  • Lender of last resort
  • Governing and guiding other banks in the nation
  • Custodian of Cash reserves of commercial and other government banks
  • Influencing money and capital market
  • Developing specialised government’s financial institution
  • Collecting and analysing statistical date in order to make a decision to enhance the nation’s economic value
  • Providing financial services

International Standard Regarding this Industry:

Leading Central Banks in the World:

Journals and Magazine Related to this Industries:

SOP Manual for Monetary Authorities-Central Bank

Research By : Udhay Sankar

 

Written by SOP Team

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