The Roles Of The Central Bank In Stabilizing A Depressed Economy. (the Nigeria Experience)

CHAPTER ONE 1.1       INTRODUCTION The objectives of establishing Central Bank of Nigeria were to serve as banker to the banking systems, to perform supervisory role over the commercial banks and issue currency thus requiting the supply of money in the country. It also acts as financial adviser to the government on monetary policies and implements the policy on behalf of the government; it involves issuing legal tender currency, maintaining the value of domestic currency enhancing mobilization of fund. The Central Bank of Nigeria is government bank, established to keep a country’s financial…