28 Apr '16 12:41>
Originally posted by sonhouseMost countries have a bank like this, called the Reserve Bank in NZ but going by other names elsewhere. The primary purpose of the bank is to achieve and maintain price stability in the interest of balanced and sustainable economic growth. It also plays a pivotal role in ensuring financial stability. Here in Canada, It's called the Bank of Canada which sets interest rates and other things in order to ensure the country's financial stability.
They are worried about something so they have to have one in reserve?