Federal Bank of Nouvelle Alexandrie
| Type | Central bank of the Federation of Alduria and the Wechua Nation |
|---|---|
| Industry | Banking and Finance |
| Founded | 1685 AN |
| Headquarters | Cárdenas, Alduria-Wechua |
| Products | Banking |
Federal Bank of Alduria-WechuaThe Federal Bank of Alduria-Wechua is the central bank of the Federation of Alduria and the Wechua Nation. It was established in 1685 AN, as part of the package of legislation and reforms that came with the New Prosperity Plan. It acts as the banker of the Federation's government.
The bank was formed as an independent agency, led by a Chairman of the Bank that is appointed by the Council of State and confirmed by the Federal Constituent Assembly. Despite its status as an independent agency within the federal government, it is wholly 100% owned by the Department of the Treasury. Nonetheless, the bank retains significant independence in setting the monetary policy of the country.
As a regulator and central bank, the Federal Bank of Alduria-Wechua does not offer consumer banking services. However, the Bank does manage some public-facing services such as exchanging superseded or damaged banknotes.
