15-07-2014, 03:02 PM
Central BankBBA 6th semester
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Organization of SBP
Established in 1st July, 1948.
Purpose
Regulating monetary & credit system of Pakistan.
Organizational Structure
Central Board of Directors
One Governor
One Deputy Governor
Eight Directors
Functions
Regulator of Currency
Banker, Agent and Advisor to the Govt.
Controller of Credit.
Clearing house for Transfer and Settlement
Custodian of Cash Reserves of Commercial Banks
Custody & Management of Foreign Exchange Reserves
Lender of the Last Resort
Regulator of Currency
Monopoly of Note Issue.
Gold and Foreign Securities Requirement
Brings uniformity in the system
Better control over the money supply
Increases public confidence
Banker, Agent and Advisor to the Govt.
As Banker to the Govt.
Receives deposits, cheques, drafts deposits
Short-term advances to the Govt
Provides foreign exchange for purchasing foreign goods, repaying goods etc.
For more Notes
Syed Qaim shah
IBMS University of Agricultural Peshawar