Basileusan Bank
| Type | Central Bank of Constancia |
|---|---|
| Industry | Banking and Finance |
| Headquarters | Vey, Constancia |
| Products | Banking |
The Basileusan Bank is the central bank and sole monetary authority of the Free and Associative Kingdom of Constancia. It was established by virtue of The Banks and Banking Act 1639, enacted by the Synklētos and granted Vasilikí Singatáthesi on the 17th day of Cowtide in the 23rd year of The Basileus' Reign.
In accordance with that Act, the Basileusan Bank serves as the government depository and commercial lender of last resort of Constancia, and is is responsible for issuing, maintaining and controlling currency; administrating the National Currency Exchange Rate, the National Interest Rate; providing financial statistics to the Council; and such other duties that the Synklētos may direct by Act.
The Basileusan Bank currently operates in the manner of a currency board, with fixed exchange rates to foreign currency, and with limited local currency (in the form of the Constancian Stater) circulating in the Kingdom, as a result.
The current Kyvernítis is Jaime Augustin Joaquin Primo de Aguilar, appointed by Letters Patent of Basileus Petros III on the 12th day of Konil in the 37th year of the Basileus' Reign. [1]
