Central bank
 Central bank  (Bank)    | |
|---|---|
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| Interest of | • G. Edward Griffin • Hang The Bankers • Pierre Jovanovic |
Central banks control currency creation, though the large majority of money is created by commercial banks. Ultimately however, they control the seigniorage profits from the interest system.
History
The world's oldest central bank is Sveriges Riksbank. The next oldest is the Bank of England.
Control
Some central banks are privately owned (such as the US Federal Reserve) but the majority are at least officially under government control. Many leaders of central banks in Western European and North American countries have attended the Bilderberg, including all the Presidents of the European Central Bank and Presidents of the European Monetary Institute.
Cash shipments
After Western Global Airlines N545JN was discovered to be carrying 67 tonnes of freshly printed South African currency, and a dead body, the South African Reserve Bank suggested that such cash shipments are routine: “The bulk of the annual production of banknotes is done locally in South Africa and a small percentage is done offshore as part of the contingency plans of the SARB. The aircraft currently detained at Harare Airport is carrying a consignment of South African banknotes that was produced overseas as part of the SARB's annual production plan.”[citation needed]
Examples
