Thursday, June 25, 2009

Romania Banking

Banking
I’m not finding much on how the banking in Romania works. They keep refers to themselves as they are like Americans. I found some tasks also of the National Bank of Romania.

These tasks include:

-to name and apply the monetary policy and the exchange rate policy
-to conduct the authorization, regulation and supervision of credit institutions and to support and manage the smooth process of the payment systems with a view to ensuring financial stability
-to issue banknotes and coins as legal tender on the land of Romania
-to set the exchange rate administration and to supervise its observance
-to manage the official reserves of Romania


Works Cited
http://en.wikipedia.org/wiki/National_Bank_of_Romania

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