The central banks are the government body that works on maintaining the financial system through economic and monetary policies.
These banks are different from commercial and investment banking, and not based on competition or market.
List Of The Largest Central Banks In The World By Assets
Here is the list of the top largest central banks in the world that have billions of assets. The number mentioned in the table is $ USD billion.
| Rank | Bank Name | Location | Total Assets |
| 1 | Federal Reserve System | USA | $8,822 |
| 2 | European Central Bank | Germany | 7,600 |
| 3 | Bank of Japan | Japan | $6,500 |
| 4 | Central Bank of China or People’s Bank of China | China | $5,700 |
| 5 | Deutsche Bundesbank | Germany | $2,684 |
| 6 | Bank of France | France | $2,306 |
| 7 | Bank of Itlay | Itlay | $1,560 |
| 8 | Bank of England | England | $1,300 |
| 9 | Norges Bank | Norway | $1,200 |
| 1 | Bank of Spain | Spain | $1,140 |
| 11 | Swiss National Bank | Switzerland | $1,038 |
| 12 | Central Bank of Brazil | Brazil | $840 |
| 13 | Reserve Bank of India | India | $820 |
| 14 | Saudi Central Bank | Saudi | $510 |
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Above mentioned banks are those which have total assets of more than $500 billion USD. Now let’s move to those banks that have assets under $500 USD billion.
| Number As Per List | Bank Name | Location | Total Assets |
| 1 | Banca d”Italia | Itlay | $481 |
| 2 | Bank Indonesia | Indonesia | $470 |
| 3 | Bank of Canada | Canada | $465 |
| 4 | Banque Nationale De Belgique | Belgium | $460 |
| 5 | Central Bank of Russian Federation | Russia | $452 |
| 6 | Bank of Korea | South Korea | $450 |
| 7 | National Bank of Belgium | Belgium | $400 |
| 8 | Reserve Bank of Australia | Australia | $370 |
| 9 | Monetary Authority of Singapore | Singapore | $350 |
| 10 | Central Bank of the Republic of Turkey | Turkey | $320 |
List Of 20 Countries Without Central Bank
Every country in the world have a monetary authority or central bank but some countries use the currency of other country or have some agreements, so they do not have any central bank in their country.
Here is the list of 20 countries without the Central Bank
- Montserrat
- Cayman Islands
- British Virgin Island
- Bermuda
- Anguilla
- Tokelau
- Niue
- Cook Islands
- Tuvalu
- San Marino
- Andorra
- Kiribati
- Marshall Islands
- Federated States of Micronesia
- Monaco
- Nauru
- Palua
- Saint Lucia
- Saint Kitts and Nevis
- Saint Vincent and the Grenadines
What Is The Role Of The Central Banks In The Global Market
The central bank plays a vital role in the development of a country and also helps a country to stable in the global market.
The role of the central bank is following:
- The central bank is responsible to supply money across the country
- The bank is responsible for making monetary policies
- It is responsible to ensure all the regulations are followed by the financial institutions or not.
The policies of the central bank can significantly impact the financial market, this is because of setting the interest rate, tax, rate of money exchange, and inflation.
General FAQS
Who is the chairman of the Federal Reserve System?
Jerome Powell is the chairman of the Federal Reserve System.
Who is the chairman of the Bank of Japan?
Harukhiko Kuroda is the chairman of the Bank of Japan
Who is the chairman of the Central Bank of China?
Yi Gang is the chairman of the Central Bank of China.
Who is the chairman of the Deutsche Bundesbank?
Joachim Nagel is the chairman of Deutsche Bundesbank.
Who is the the chairman of Bank of France?
Francois Villeroy de Galhau is the chairman of the Bank of France.
Who is the chairman of the Bank of Itlay?
Mario Draghi is the chairman of the Bank of Itlay.
Who is the chairman of the Bank of England?
Andrew Bailey is the chairman of the Bank of England.
Who is the chairman of the Norges Bank?
Ida Wolden Bache is the chairman of the Norges Bank.
Who is the chairman of the Bank of Spain?
Pablo Hernandez de Cos is the chairman of the Bank of Spain.
Who is the chairman of the Swiss National Bank?
Martin Schlegel is the chairman of the Swiss National Bank.
Who is the chairman of the Central Bank of Brazil?
Roberto de Oliveria Campos Neto is the chairman of the Central Bank of Brazil.
Who is the chairman of the Reserve Bank of India?
Surekha Marandi is the chairman of the Reserve Bank of India.
Who is the chairman of the Saudi Central Bank?
Fahad AL Mubarak is the chairman of the Saudi Central Bank.