Other Nations’ Banking

Singapore Central Bank

Monetary Authority of Singapore

Functions of Monetary Authority of Singapore Administers the various statutes pertaining to money, banking, insurance, securities and the financial sector in general, as well as currency issuance.MAS has the exclusive right to issue banknotes and coins in the Republic of Singapore. Their dimensions, designs and denominations are determined by the Monetary Policy Committee with Government approval. The banknotes and coins thus issued have the status of legal tender within the country for all transactions, both public and private, without limitation.

Responsibilities of Monetary Authority of Singapore The MAS has been given powers to act as a banker to and financial agent of the Government. It has also been entrusted to promote monetary stability, and credit and exchange policies conducive to the growth of the economy.

The Central Bank of Brazil

Brazil's central bank.

Functions of Brazil's central bank.The Central Bank is linked with the Ministry of Finance. Like other central banks, the Brazilian central bank is the principal monetary authority of the country. It received this authority when it was founded by three different institutions: the Bureau of Currency and Credit (SUMOC), the Bank of Brazil(BB), and the National Treasury.One of the main instruments of Brazil's monetery policy is the Banco Central do Brasil's overnight rate,

The Bank is active in promoting financial inclusion policy and is a leading member of the Alliance for Financial Inclusion. It is also one of the original 17 regulatory institutions to make specific national commitments to financial inclusion under the Maya D

Responsibilities of Brazil's central bank