Central Bank facts

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In 1934, Swiss banking secrecy laws were strengthened to encourage Jews of Central & Eastern Europe, fearful of Nazis, to hide their assets in Swiss banks. After a majority of those depositors died during the Holocaust, the laws were used to wrongfully deny their heirs access to those accounts

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The largest bank heist in history was $920 Million. Qusay Hussein walked into the Central Bank of Iraq with a handwritten note signed by his father Saddam Hussein, and was hauled out in 3 semi-trucks.

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Indian households and temples collectively own around 20,000 tonnes of gold - a figure that is equivalent to the combined amount of gold held by central banks of US, Euro area and China
During the fifth century BC, the Athena Temple functioned not only as a religious site, but also as Athens" central bank.
Democratic Kampuchea is the only country in the world ever to have abolished money. They abolished money, markets, and private property, blowing up the Central Bank.
The Great Stink was an event in central London in July and August 1858 during which the hot weather exacerbated the smell of untreated human waste and industrial effluent that was present on the banks of the River Thames.
The Federal Reserve Bank of New York is reputedly the largest gold repository in the world, even larger than Fort Knox. However about 98% of this gold is owned by the central banks of foreign nations.
The European Central Bank decided to print fictional bridges on the Euro notes, to avoid favoring particular member states. A developer in the Netherlands built all of the bridges printed on the notes.
More than two million people living on the banks of Lake Kivu in central Africa are at risk of being asphyxiated by gases building up beneath its surface.
The banks can create money out of thin air when issuing loans. It doesn't matter how much money they have in their vault. All they need to is to deposit 1-3% with the Central Banks. It is referred to as the bank money.
The Central State Museum of Kazakhstan has a replica of the costume worn by the Golden Man, a warrior from the 5th century BC and a main symbol of independence. The original is made of more than 4,000 pieces of gold and is said to be kept in a vault in the National Bank of Kazakhstan in Almaty
Every country has different restrictions as to how images of its banknotes can be reproduced and used. The Central Bank Counterfeit Deterrence Group (CBCDG) publishes ‘Rules for Use’ for every currency in the world.

central bank facts — What are the functions of central bank?

Central Bank data charts

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central bank fact data chart about Visualization of the Sentiment of a Selection of Speakers at — Visualization of the Sentiment of a Selection of Speakers at the European Central Bank

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Quantitative easing (QE), also known as large-scale asset purchases, is a monetary policy whereby a central bank buys predetermined amounts of government bonds or other financial assets in order to inject liquidity directly into the economy.

The first President of Equatorial Guinea killed the governor of the central bank, carried all that was left of the treasury to his house in a rural village, and then had 150 political opponents executed in a stadium while amplifiers played Mary Hopkin's "Those were the days". - source

On 2 July 2009, Sweden's Riksbank was the first central bank in the world to implement a negative interest rate - source

Hungary's central bank literally burns money to keep poor people warm in cold snap - source

When the central bank lowers the reserve requirement on deposits?

When Nadir Shah of Persia attacked India, he took the "Koh-i Noor" (Mountain of Light) and "Darya-i Noor (Sea of Light) Diamonds, two of the largest in the world. One is still in the Central Bank of Iran today, the other was later given to Queen Victoria of England.

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The Federal Reserve Bank of New York Building, in Lower Manhattan, serves as the largest gold repository in the world, holding approx. 7000 tonnes of gold bullion ($415 billion as of October 2011) on behalf of the US governement, the IMF, and the central banks of 36 foreign nations.

Zimbabwe's central bank is buying back all that worthless money from 2008 at a rate of $US1 to $ZW35,000

The former governor of Afghanistan's central bank, Abdul Qadir Fitrat, is wanted for his part in embezzling $1 billion from the Kabul Bank. In 2012, Afghan President Hamid Karzai ordered Fitrat to return from the U.S. to Afghanistan. Currently he resides in Northern Virginia.

In March 2003, on several occasions beginning on March 18, the day before United States forces entered Baghdad, nearly US$1 billion was stolen from the Central Bank of Iraq.

After the India-Pakistan partition in August 1947, the Reserve Bank of India served as the Central Bank of Pakistan till June 1948

When the central bank decides to increase the discount rate the?

In the UK, unlike most countries of the world, seven retail banks have the right to print their own banknotes in addition to the central bank (Bank of England)

The SS Central America. It carried gold bars and mint coins between the San Francisco mint and New York banks. It sunk in a hurricane in 1857, causing a loss of $2 million USD (modern equivalent of $292 million). This loss helped spark the Panic of 1857.

Sweden's central bank (Sveriges Riksbank) is the world's oldest central bank and 4th oldest bank still in operation.

About “Helicopter Money” which is an unconventional monetary policy, similar to Quantitative Easing, where a Central Bank essentially gives money directly to the public

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Our presidents in the past have been vigorous in their fight against the placement of the central banking system(Federal Reserve) which is not even a part of the government. Yet they were assassinated.

The Eurosystem (ECB+euro country central banks) issued over 2.4tn/2400 billion euros to purchase assets over the past 4 years.

Abraham Lincoln wasn't against abolishing slavery but instead to protect the Union from the corruption of the central banking system that exists today called the Federal Reserve.

The European Central bank prints official 0 Euro bills with genuine watermarks and glows under UV light just,like a real bank note.

Central Banks' monetary policies were crucial to push Europeans overseas in swelling numbers in the late 19th century and play a decisive part in attracting poor third-world "hands for hire" to the first world in the late 20th century.

The European central bank wanted to have European bridges on their banknotes. But since there where only 7 bank notes and 12 EU-countries there could not be one bridge from each country. So to not leave anyone out they printed fictional bridges. After that the Netherlands built all the bridges

An African country (Ghana) will use GOLD coins following an approval by their central bank to produce 24-Carat coins in honour of their King

There is a central bank for central banks, founded in 1930, located in Basil Switzerland. Every major central (private) bank is a member, representing 95% of the worlds GDP. It founded the European Monetary System, the IMF, pays no taxes, and is subject to no laws.

A typo prevented a nearly $1 billion cyber bank job. Hackers breached the Bangladesh central bank and got away with $81 million through four transactions, but the fifth was stopped after they typed in "fandation" instead of "foundation". It remains as one of the largest bank job ever.

About the African Monetary Union a proposed creation of an economic and monetary union for the countries of the African Union, administered by the African Central Bank. It would call for a single unified currency, similar to the Euro called the "Afro" or "Afriq"

More than half a million people in central China are believed to have become infected by HIV from selling their blood to local government-run blood banks in the mid and late 1990s.

A bi-partisan bill to "Audit the Federal Rerserve" to limit the central bank's authority was brought to Senate. It passed through the house vote last year overwhelmingly. The Fed has been legally exempt from audit and "fears the bill's audit would reveal too much detail of its monetary policy"

Almost three quarters of all central banks' combined assets are held by four of them.

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