East Asian Monetary Bureau
The East Asian Monetary Bureau (Korean: 동아시아 통화 국, Dong-Asia Tonghwa Gug) is the central bank of the East Asian Federation and issuer of the East Asian New Yen. Its headquarters are located in Hwanggumbol, Seogyeong. The Board of Governors of the Monetary Bureau consists of seven economic experts appointed to staggered twenty-year terms, appointed by the State Officer for Economy and the Chief Executive. The current Administrator is Kim Choongsoo.
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Logo of the Monetary Bureau Logo of the Monetary Bureau | |
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Monetary Bureau Headquarters, Seogyeong Monetary Bureau Headquarters, Seogyeong | |
| Headquarters | Hwanggumbol, Seogyeong, East Asian Federation |
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| Established | 1976 |
| Administrator | Kim Choongsoo |
| Central bank of | East Asian Federation |
| Currency |
East Asian New Yen (ISO 4217) |
| Bank rate | 0%-10% |
History
The Monetary Bureau was established as a primary organization of the government as a part of the Federation Charter on February 15, 1976.
Mission
According to the relevant sections in the Federation Charter, the primary tasks of the East Asian Monetary Bureau are:
- to control the amount of New Yen available for use on the market and for exchange.
- to implement monetary policy.
- to ensure the vital stability of the East Asian financial system.
- to issue treasury bonds and securities.
- to provide and act upon financial data to predict future trends of the markets.
- to promote cooperation with other central banks.
- to ensure price stability of critical goods and services.
Location
The bank's headquarters are at Hwanggumbol, Seogyeong, the site of a former Korean engraving office. There are also branches in Nakanoshima, Osaka; Jung, Seoul; Zhongzheng, Taipei City; and Chuo, Tokyo.