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Bank of Brogenia
|Bank of Brogenia|
|Established||February 3, 2012|
|Central Bank of||Independent Republic of Brogenia|
The Bank of Brogenia was established on February 3, 2012. It was created as a domestic and international bank to exchange currencies and to store the money of the citizens. The Bank of Brogenia is the Central bank of the Independent Republic of Brogenia, and is run by a board, but administered by the government, specifically the Ministry of Finance. Only the Bank of Brogenia is allowed to issue currency.
On February 3, 2012, the National Assembly unanimously approved the creation of the first and the official Central Bank of Brogenia, the Bank of Brogenia, which would be located in Lamburn. The Bank was created to store the citizen's money, exchange domestic and foreign currencies, and act as the Central Bank.
Bank of Brogenia
The Bank of Brogenia is headed by a the BoB Board which consists of a Chairperson and 2 Directors which are all appointed by the President but must be approved by the National Assembly. The Ministry of Finance administers the Bank, but most of the authority of the Bank rests in the hands of the Board. If there is an issue to be decided on, such as interest rates, foreign currency exchanges, or anything pertaining to the Bank of Brogenia, then the BoB Board may hold a BoB Board Session to discuss the issue, and if there is anything to be voted on, then a majority of 2 out of 3 is needed to approve or repeal an issue. The head of the BoB Board is the Chairperson, who organizes and presides over sessions.
Here are the positions of the Bank of Brogenia.