Bank of Surea

The Bank of Surea (朝本銀行 Jupon Gunhang, BOS) is the central bank of Surea. It was established in 1953 at Konggei.

Responsibility
the BOS's primary objective is to ensure the stability of the Surean currency, and the banking system. It is also responsible for promoting the efficiency, integrity and development of the financial system.



Mission
According to its charter, the missions of the Bank of Surea includes:


 * Issuance and management of banknotes
 * Implementation of monetary policy
 * Providing settlement services and ensuring the stability of the financial system
 * Treasury and government securities-related operations
 * International activities
 * Compilation of data, economic analyses and research activities

Monetary Policy Committee
The Monetary Policy Committee is composed of seven members representing various groups in the national economy:


 * 1) The Governor, ex-officio;
 * 2) 2 Deputy Governor, ex-officio;
 * 3) One member recommended by the Minister of Finance;
 * 4) One recommended by the Governor;
 * 5) One recommended by the Chairman of the Surea Chamber of Commerce &amp; Industry;
 * 6) One recommended by the Chairman of the Surea Federation of Banks.

The members are appointed by the President for four-year terms except the Governor whose term is five years and are eligible for reappointment. All members serve on a full-time basis and no member may be discharged from office against his will. The Governor serves concurrently as the Chairman of the Committee.

Distribution of currency
The Bank of Surea is the one and only legal issuer of Surean currency. The Bank distributes the banknotes and coins to the public by sending them to commercial banks. The Bank prints the banknotes and coins at Bureau of Minting and Security Printing, the governmental mint and document printer. The crisp notes and coins are bundled and rolled up and shipped to the Bank of Surea headquarters. The Bank of Surea sends crisp new notes to banks time to time. During great Surean holidays, such as Seiritsu and Gakkyuzuki, the Bank sends giant amount of new notes to banks to be circulated and collects worn-out notes.