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How do central banks manage exchange rates? By P. Samarasiri, Assistant Governor, Central Bank of Sri LankaForeign exchange market and management of exchange rate of a countries' currency are two
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Central banks are financial institutions that are responsible for managing a country's money supply, controlling interest rates, and ensuring the stability of the financial system.
Central banks themselves do not file any reports. However, commercial banks and other financial institutions are usually required to file reports with their respective central banks.
The process of filing reports with central banks may vary depending on the specific requirements set by each central bank. Generally, financial institutions must gather relevant data and submit the necessary forms or electronic reports through the designated channels.
The purpose of filing reports with central banks is to provide these institutions with accurate and updated information about the financial activities of commercial banks and other financial entities. This allows central banks to monitor the health and stability of the overall financial system.
The specific information that needs to be reported on central bank filings may vary, but common items include details on assets, liabilities, capital adequacy, liquidity, and various risk exposures.
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