Bank of Wesley

The Bank of Wesley, formally the Governor and Company of the Bank of Wesley, is the central bank of Skovaji. Established in 2015, it is the de facto central bank for the whole of the EXU, and a major intermicronational finance agency.

The Bank performs all the functions of a central bank. The most important of these are maintaining price stability, and supporting the economic policies of the government, thus promoting economic growth. Stable prices and confidence in the currency are the two main criteria for monetary stability. Stable prices are maintained by seeking to ensure that price increases meet the Government's inflation target. The Bank aims to meet this target by adjusting the base interest rate, and through its communications strategy, such as publishing yield curves. Maintaining financial stability involves protecting against threats to the whole financial system. Threats are detected by the Bank's surveillance and market intelligence functions. The threats are then dealt with through financial and other operations, both at home and abroad. In exceptional circumstances, the Bank may act as the lender of last resort by extending credit when no other institution will. However, this function has never been deployed. The Bank acts as the government's banker, and it maintains the government's consolidated fund account. The Bank also acts as the bankers' bank, especially in its capacity as a lender of last resort. Ergo, financial endeavors made by the government are made through the bank, which means that shareholders of the bank recieve a share of all money handled by the governemnt.

We also, as is detailed on our other pages, provide many intermicornational services for the community, including the Skovajan Stock Exchnage, and we offer bonds and securities to micronational community members. By performing these functions, we ehlp to make a profit for both the governemnt of Skovaji - who uses it to pay for essential services - and the hard-working people who have chosen to invets in us by buying stock. With an attractive dividend of £0.33 (W 0.75), can you really afford not to make an investment in the Bank of Wesley?