MSIC 6411—Central banking

Where 6411 sits

1. L Financial and Insurance/Takaful Activities
2. 64 Financial service activities, except insurance and pension funding
3. 641 Monetary intermediation
4. 6411 Central banking

Contains 1 narrower code

• 64110 Central banking

What 6411 includes

• Issuing and managing banknotes and digital currency
• Conducting the monetary policy
• Monitoring and control of the money supply
• Taking deposits that are used for clearance between monetary intermediaries
• Supervising banking or non-banking monetary operations, unless performed by some other entity
• Holding the country's international reserves
• Acting as banker to the government
• Activities of system of central banks, currency board and central monetary agency

What 6411 excludes

• Financial supervisory activities except insurance/takaful and pension funding (not by the central bank) , see 66119
• Financial supervisory activities for insurance/takaful and pension funding (not by the central bank) , see 66290
• Financial regulation relating to the conduct of business and consumer protection and other wider financial regulatory activities, see 84149
• Activities of international organizations, e.g. IMF, World Bank, see 99000

6411 in other systems