According to DeKock, a Central Bank must perform the following functions:
- Monopoly of note issue
- It is Government Bank
- It is Banker's Bank
- It is controller of Credit
- It is the custodian of Foreign Exchange
- It is the Lender of the last Resorts.
- Miscellaneous Functions.
- It publishes the financial statements.
- Some Central Bank performs ordinary banking functions.
- It takes every efforts for the development of banking system.
- It has special agricultural credit department to look after rural credit.
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