Bank of Suren: Difference between revisions
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Established under the ''1711 Act for the Bank of Suren'', the '''{{PAGENAME}}''' serves as the banker to the government of the [[Suren Confederacy]] and has the exclusive right of issuing banknote and coinage. The {{PAGENAME}} 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. | Established under the ''1711 Act for the Bank of Suren'', the '''{{PAGENAME}}''' serves as the banker to the government of the [[Suren Confederacy]] and has the exclusive right of issuing banknote and coinage. The {{PAGENAME}} 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 {{PAGENAME}} 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 executive members from the Bank plus up to nine non-executive members, all of whom are appointed by the [[Surenshah]] on the advice of the {{tooltip|Darik-Pat|Steward}}. The {{tooltip|Darik-Pat|Steward}} nominates the Chairman of the Court from among the non-executive members. The Court is required to meet on a monthly basis throughout the year. | |||
Revision as of 03:11, 10 October 2022
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 executive members from the Bank plus up to nine non-executive members, 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 non-executive members. The Court is required to meet on a monthly basis throughout the year.
