What is a monetary authorities
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Meghna Thapar 5 years, 5 months ago
A monetary authority is a central bank or currency board. Most central banks have a certain degree of independence from the government and its political targets and decisions. Commonly, there is one monetary authority for one country with its currency. In India, the central monetary authority is the Reserve Bank of India (RBI). It is designed to maintaining the price stability in the economy.
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