Central Bank

Almost every country in the world has a Central Bank. In Pakistan. State Bank of Pakistan is the Central Bank of the country. A Central Bank performs special work. It occupies a central position in monetary and banking structure of a country. It issues notes, it controls currency and credit in a country. A Central Bank acts a Government Bank. It also acts as the banker's bank. All the banks of a country keep a certain amount of their balances with the Central Bank. It lends money to the scheduled banks. It also regulates the exchange rate. It establishes the value of money.