Central Bank of the Kingdom of Parvussia
 | |
| Headquarters | The City of Fiesta |
|---|---|
| Established | 4 May 2023 |
| Ownership | Owned by Government of Parvussia |
| Governor | King Fiesta I |
| Central bank of | Kingdom of Parvussia |
| Currency | Fexona (Unofficial) Thai Baht (฿) (BHT) (Official) |
The Bank of Parvussia, established on 4 May 2022, stands as the keystone of financial stability and monetary regulation within the Kingdom. In accordance with its foundational principles, the Central Bank of the Kingdom of Parvussia operates as the central bank, serving as the archetype upon which numerous modern central banks have been modeled.
Distinguished by its pivotal role, the Central Bank of the Kingdom of Parvussia exclusively holds the authority to issue banknotes, maintaining a monopoly over this critical aspect of the nation's currency. It bears the solemn responsibility of regulating the issuance of banknotes, ensuring the stability and integrity of the Kingdom's monetary system.
As the guardian of financial equilibrium, the Central Bank of the Kingdom of Parvussia plays a crucial role in shaping and steering the economic landscape of the Kingdom. With its commitment to upholding the highest standards of monetary governance, the bank stands as a bulwark against economic uncertainties, contributing to the enduring prosperity of the Kingdom of Parvussia.
History
The precursor to the Central Bank of the Kingdom of Parvussia, initially known as the Fiestian National Banking, marked its inception as the foundational institution preceding the issuance of banknotes. The transition to the Bank of Parvussian took place swiftly, with operations commencing on 4 May 2023. Notably, the establishment of the bank occurred just an hour before the introduction of the inaugural banknotes, underscoring the expeditious nature of its formation and operationalization. This chronological alignment highlights the strategic role of the bank in laying the groundwork for the issuance and regulation of currency within the Kingdom of Parvussia.
Governors
The appointment and dismissal of the Governor of the Central Bank of the Kingdom of Parvussia rest within the prerogative of the Monarch of Parvussia. The monarch holds the authority to designate an individual to the esteemed position of governor, emphasizing the regal influence over the central banking institution. This sovereign power extends to the monarch's ability to remove the governor from office at their discretion. The monarch's direct involvement in the selection and removal of the governor underscores the close relationship between the monarchy and the central bank, reinforcing the significant role the Central Bank of the Kingdom of Parvussia plays in the financial and economic landscape of the Kingdom.
| # | Name | Took Office | Left Office |
|---|---|---|---|
| 1 | King Fiesta I | 4 May 2023 | incumbent |