Functions and Objectives
The following are the objectives of the Central Bank of Kosovo, as listed in “Objectives,” Article 7, Chapter III of the Law No. 03/L-209
- The primary objective of the Central Bank shall be to foster and to maintain a stable financial system, including a safe, sound and efficient payment system.
- An additional objective of the Central Bank, which is subordinated to the primary objective of the Central Bank, is to contribute to achieving and maintaining domestic price stability.
- Without prejudice to attainment of these two objectives, the Central Bank shall support the general economic policies of the Government.
- The Central Bank shall act in accordance with the principle of an open market economy with free competition, favoring an efficient allocation of resources.
Read more about this topic: Central Bank Of Kosovo
Famous quotes containing the words functions and, functions and/or objectives:
“Empirical science is apt to cloud the sight, and, by the very knowledge of functions and processes, to bereave the student of the manly contemplation of the whole.”
—Ralph Waldo Emerson (1803–1882)
“If photography is allowed to stand in for art in some of its functions it will soon supplant or corrupt it completely thanks to the natural support it will find in the stupidity of the multitude. It must return to its real task, which is to be the servant of the sciences and the arts, but the very humble servant, like printing and shorthand which have neither created nor supplanted literature.”
—Charles Baudelaire (1821–1867)
“Along the journey we commonly forget its goal. Almost every vocation is chosen and entered upon as a means to a purpose but is ultimately continued as a final purpose in itself. Forgetting our objectives is the most frequent stupidity in which we indulge ourselves.”
—Friedrich Nietzsche (1844–1900)