Countries Without Central Banks 2020

A central bank is an institution that oversees the currency, supply of money, and interest rates of a nation. The central bank manages commercial banks. The central bank is in charge of printing and coining national currency as well as increasing the monetary base of the its nation. The central bank also can also act as a lender when a financial crisis occurs, and it also regulates member banks to prevent fraudulent behaviors.

In other words, a central bank implements monetary policies, sets the interest rate to maintain exchange rate and inflation, regulated the banking industry, and controls the entire nation’s money supply. Central banks also manage the foreign exchange, government bonds, and gold reserves.

A central bank is a critical component of a nation. These banks are primarily independent, with limited control by legislative and executive bodies. Throughout the world, most countries have central banks. Approximately 75% of the central bank assets of the world are controlled by China, the United States, Japan, and the countries that make up the eurozone. There are also a handful of countries that do not have a central bank. These nations include:

The Rothschild Family

The Rothschild family is a wealthy Jewish family originally from Frankfurt Germany. Mayer Amschel Rothschild established a banking business in the 1760s and established an international banking family through his five sons, who established themselves in London, Paris, Frankfurt, Vienna, and Naples. The Rothschild family had the largest private fortune in the world during the 19th century, as well as in modern world history.

The Rothschild family was the subject of several conspiracy theories, such as one claiming that the family controlled the world’s wealth and financial institutions, including countries’ central banks. This is false, and the reason such a conspiracy would arise is because it was fueled by anti-Semitism. Anti-Semitic views include the idea that Jews control the world and are money-hungry and greedy. Central banks are essentially a government function and no private family would have control over it. In the 18th and 19th centuries, however, many countries did not have central banks, so families such as the Rothschild family would likely fulfill some of the functions that a central bank now carries out.

Today, the Rothschild family is involved in financial services, real estate, nonprofits, winemaking, and other fields.

Countries Without Central Banks 2020