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Forex market What are the roles of central banks in managing a country's currency?
avatar mr_jay
Question by: Mr_Jay - 09 Aug 2012, 09:48:18
What are the roles of central banks in managing a country's currency?
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Answers (1)
avatar user 412
Answer by: Laura - 17 Aug 2012, 07:58:53

Central banks have the power over the management of a country's currency. They can alter or influence currency regulations upon the approval of the government branch assigned to manage it. Usually, they spear head the production and control of currency in line with the goal of the government.

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