Central Bank of Kosovo - Functions and Objectives

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

  1. 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.
  2. 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.
  3. Without prejudice to attainment of these two objectives, the Central Bank shall support the general economic policies of the Government.
  4. 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/or objectives:

    Mark the babe
    Not long accustomed to this breathing world;
    One that hath barely learned to shape a smile,
    Though yet irrational of soul, to grasp
    With tiny finger—to let fall a tear;
    And, as the heavy cloud of sleep dissolves,
    To stretch his limbs, bemocking, as might seem,
    The outward functions of intelligent man.
    William Wordsworth (1770–1850)

    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)