Bank of Suren
| Type | Central bank of the Suren Confederacy |
|---|---|
| Industry | Banking and Finance |
| Founded | 1711 AN |
| Headquarters | Surenshahr, Suren Confederacy |
| Products | Banking services |
Established under the 1711 Act for the Bank of Suren, the Bank of Suren serves as the banker to the government of the Suren Confederacy and has the exclusive right of issuing banknote and coinage. The Bank of Suren is tasked with maintaining the value of the Surenid tomān and supervision of banks and credit institutions. It acts as custodian of the foreign exchange and gold reserves of the Surenids.
Organisation
The Bank of Suren is administered by a Court of Directors, this being a unitary board that is responsible for setting the bank's strategy and budget and taking key decisions on resourcing and appointments. It consists of five directors from the Bank plus ten commissioners, all of whom are appointed by the Surenshah on the advice of the Darik-Pat. The Darik-Pat nominates the Chairman of the Court from among the commissioners. The Court is required to meet on a monthly basis throughout the year.
Two of the directors and one of the commissioners are required to be present daily at the office: they have the oversight of four accountants, two clerks with one servant, four counter bookkeepers, three receivers together with another servant, ushers and an assayer, who controls the trade in precious metals and minting. Each of the accountants have their own court of computational servitors, with a day book and ledger, and the obligation to ensure that the record of transactions and balance of holdings match at the end of each working day.
