Part 3Central bank functions
Bank to act as central bank
115Bank to act as central bank
The Bank must act as the central bank for New Zealand.
Compare
- 1989 No 157 s 7
Reserve Bank of New Zealand Act 2021
Central bank functions - Bank to act as central bank
115: Bank to act as central bank
"The Bank helps other banks and keeps New Zealand's money system working properly."
The Bank has to act as the central bank for New Zealand. You can think of a central bank as a bank for other banks. It helps keep the money system in New Zealand working properly, and you can compare this to the Reserve Bank of New Zealand Act 1989.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS287158.
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