The Bank of Germanalasia
The Bank of Germanalasia is the independent central bank of Germanalasia, controlling monetary policy. Its duties, in addition to regulation of inflation, economic growth, and the maintenance of the exchange rates, also include those of the Germanalasian Mint, which was merged into The Bank in 1921. The Bank of Germanalasia itself was established in the late 1700s.
Functions
The Bank of Germanalasia is responsible for the issue, and the design, of Germanalasian banknotes and, since the merger with the Germanalasian mint, the Germanalasian coinage. Additionally, The Bank is expected to replace or refurbish coinage and banknotes as necessary.
The Bank sets the national interest rate in line with the Government's inflation targets to promote monetary stability and maintain stable prices. Occasionally, in order to secure financial stability, The Bank has opted to act as a lender of the last resort.
The Bank of Germanalasia controls the several vaults holding the nation's gold reserves (approximately 120 tonnes distributed among several confidential locations). Under Germanalasian law, the reserves are legally the property of the Government, and while the Government is legally responsible for maintaining the security of the reserves, The Bank is employed to perform this service for it.
The Bank also offers highly secure strongboxes where objects can be stored (for a high, monthly price). The Government notably uses these for the storage of building blueprints and some other classified material.
