Peter Miranda ID 12290 Principles of Macro economics May 4th, 2008 important bound Role The primordial set aside banking company of El Salvador (CRB) has committed its efforts to take on its mission to care the stability of prices, convertibility of its currency, control and/or prescript of other fiscal variables, stability and development of the Salvadoran pecuniary system, in show to contribute to the macroeconomic stability of the sphere. The substitution control Bank faces a new challenge in its work with the compliment and effect of the Monetary Integration police force ( mi) in January 2001. The MIL modifies and abrogates some articles of the Central Reserve Bank Organic rectitude. It in addition performs new functions. Therefore, the current Central Bank legal framework, which sets fore its functions, is provided for by its Organic Law with the modifications of the MIL. At this time, the Central Reserve Bank carries out its functions in thr ee areas: Public Finance, fiscal System and Monetary Stability. In the area of public finance, the CRB keeps its functions as a financial component to the government and it provides economic and financial consultancy run. In its first function, it supports the structuring and spot of the countrys debt in the international markets.
This support was of enceinte value in the victorious placements carried out during 2002, and it lead to the countrys being disposed(p) the award Best Latin the States Issuer of the Year, granted by Englands International Financial round off (IFR) in January 2003. Additionally, it pr ovides services of treasury, administration ! of current accounts, custody of securities, operations of liquidation and payment, topical anaesthetic and international transfers and administration of liabilities. Likewise, the CRB provides consultancy to the GOES regarding economic policies, supporting it in financial programming, providing it with information on prudence development of El Salvador chief(prenominal) commercial partners. It carries out specialized...
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