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The History and Functions of the Central Bank of Malta


History

The role of central banks in national economies has evolved over time to embrace two key areas of responsibility: the formulation and implementation of monetary policy and the promotion of a sound and efficient financial system. Unlike older central banks, the Central Bank of Malta did not acquire its responsibilities in a gradual evolutionary process, but was specifically established by law to carry out these functions.


Functions

(i) The Maintenance of Price Stability
(ii) Reserves Management
(iii) Banker to the Banks and the Public Sector
(iv) Ensuring Financial Stability
(v) Issue of Currency
(vi) Relations with International Institutions
(vii) Economic Analysis and Research
(viii) Collecting, compiling, disseminating and publishing statistics
(ix) Promoting and supporting the development of financial markets and efficient payment and settlement systems

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