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The Central Bank of Ireland (CBI) is the primary financial institution of Ireland, responsible for regulating the country’s financial system and ensuring its stability. The Central Bank of Ireland was established in 1943 with the enactment of the Central Bank Act, replacing the Currency Commission. The main objective of the Central Bank was to regulate the currency and credit system of Ireland, and to maintain a stable and secure financial environment
Functions of Central Bank of Ireland
The Central Bank of Ireland has several functions that are crucial to maintaining a stable financial system in Ireland. These functions include:
- Monetary Policy
- Financial Stability
- Payment and Settlement Systems
Want to know more about CBI , visit the Wikipedia site or CBI’s official website