Central bank governors set the monetary and regulatory policy, determine interest rates, maintain price stability, control the national money supply and issuance and foreign exchange currency rates and gold reserves. They oversee and control the banking industry.

Tasks

Tasks include -
(a) Advising national, state, regional or local governments and legislators on policy matters;
(b) Advising on the preparation of government budgets, laws and regulations, including amendments;
(c) Establishing objectives for government departments or agencies in accordance with government legislation and policy;
(d) Formulating or approving and evaluating programmes and procedures for the implementation of government policies in conjunction or consultation with government;
(e) Recommending, reviewing, evaluating and approving documents, briefs and reports submitted by middle managers and senior staff members;
(f) Ensuring appropriate systems and procedures are developed and implemented to provide budgetary control;
(g) Coordinating activities with other senior government managers and officials;
(h) Making presentations to legislative and other government committees regarding policies programmes or budgets;
(i) Overseeing the interpretation and implementation of government policies and legislation by government departments and agencies.