Bank of Greece

1. Monetary Policy: The Bank of Greece is responsible for implementing monetary policy in Greece, which includes setting interest rates, managing the money supply, and maintaining price stability.
2. Banking Supervision: The Bank of Greece is also responsible for supervising the banking system in Greece, including issuing licenses for new banks, monitoring their activities, and ensuring their compliance with regulations.
3. Currency Issuance: As the central bank of Greece, the Bank of Greece has the sole authority to issue banknotes and coins in the country.
4. Foreign Exchange Reserves: The Bank of Greece manages the country’s foreign exchange reserves, which are held in different currencies and are used to intervene in the foreign exchange market when necessary.
5. Payment Systems: The Bank of Greece also oversees the functioning of payment systems in Greece, ensuring the smooth operation of electronic payment transactions.
6. Research and Statistics: The Bank of Greece conducts research and collects data on various economic and financial indicators, providing information and analysis to policymakers, financial institutions, and the public.
7. Financial Stability: The bank plays a crucial role in maintaining the stability of the financial system in Greece, including monitoring risks and taking measures to prevent and mitigate financial crises.
8. Educational Programs: The Bank of Greece provides educational programs and training for professionals in the financial sector, as well as organizing seminars and conferences on economic and financial topics.
9. Gold Reserves Management: The Bank of Greece manages the country’s gold reserves, which are held as a store of value and can be used as collateral for loans.
10. Economic Policy Advice: The bank advises the government on economic policy matters, including fiscal and structural reforms, to promote sustainable economic growth.