Bank of Suren

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 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 non-executive members. The Court is required to meet on a monthly basis throughout the year.