Mkhuseli Jack: Little grasp of bank’s work
By Mkhuseli Jack - 28 July 2017
Some of the critical functions of a central bank are: ý Lender of last resort; ý To set the interest rate structure; ý Accepts deposits and makes loans to the commercial and government banks;
- Supervises the banking system;
- Manages the national debt and controls the notes issued; and
- It also serves to transfer currencies between countries.