The Central Bank and Mint of Miteravia (CBM) is government-owned SOE under the directive of the Ministry of Industry and Economic Policy. The Ministry appoints the Chief Operations Officer (COO) of the CBM. As the name would suggest there are two halves of the CBM, The Central Bank and the National Mint with the Bank being headed up by the Chief Banking Officer (CBO) and the Mint headed up by the Chief Officer of the Mint (COM). There exists a third part to the CBM which is the National Vault, which posses Miteravia's Gold reserve which is under the direction of the Chief of Vault Security (CVS). The COO, CBO, CVS and COM comprise the executive board of the Central Bank and Mint.The Central Bank
The Central Bank of Miteravia is the only bank authorised to issue banknotes within Miteravia, thus granting it a monopoly on the issue of banknotes in all six states of Miteravia. The Bank's internal monetary policy committee manages the national financing significantly however the Ministry may pass orders requiring the bank to comply if Parliament votes for the order to be upheld.
The bank offers and provides a vast majority of the commercial and consumer banking within Miteravia. The bank is obligated to attempt to maintain the Miteravian governmental and civil financial stability and is the designated national 'lender of last resort'. Another responsibility of the Central Bank setting the interest rate nationally in alignment with the government and the mint. The National Vault and Mint are often mistaken to be a part of the Central Bank as the bank is the largest part of the CBM and is often inaccurately referred to as the CBM.
The National Mint
The National Mint is a government-owned mint that produces coins, medals and bullion for Miteravia. As the sole body responsible for minting legal tender coins in Miteravia under contract from the Ministry, the mint produces all of the country's physical currency apart from banknotes which are printed by the Central Bank. The sale of commemorative coins also form part of the mint's operations with coins of varying quality and made of different precious metals released yearly for the collector's market.
Another important operation performed by the mint which contributes to half the mint's revenue is the sale of bullion to investors or general members of the public in the form of bars or coins. Historically the mint has refined its own metal, however since the conclusion of the Civil War that responsibility has been outsource to a different supplier. Bullion bars produced by the mint are stamped with the National Mint emblem and the Laurel Wreath of Miteravia; the bars come in a range of different sizes.
All medals, both Military and Civil, have been produced by the Mint since the 17th century; this tradition has been guaranteed to continue by the Ministry indefinitely. Rarely, the mint may produce commemorative medals for dignified societies, universities or other institutions
The National Vault
The Vault is the official custodian to the national gold reserves of Miteravia and many historically significant or valuable artificats owned by the central government or any of the state governments. Access to the main vault is restricted all but five people: The Minister of Industry and Economic Policy, The CVS, The COO, the Vaultmaster-General and the Deputy Vaultmaster-General with the last two never able to access the vault at the same time. The vault itself is 1.2km bellow the surface and the lift ride is more than five minutes long, the opening to the vault is within Fort Torsten, about 8 miles outside Oklan, and is home to a significant Army and Militia Garrison (Approximately 6,000 active personnel). The vault is estimated to contain 120,000 bars of gold approximately weighing 1540 tonnes.
If a foreign nation, corporation or entity wishes to use CBM services they may arrange to do so by contacting the Ministry of Industry and Economic Policy.
