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TeachMeFinance.com - explain Central Bank central bank -- A government-established agency responsible for conducting monetary policy and overseeing credit conditions. The Federal Reserve System fulfills those functions in the United States. another definition... Central bank -- A country's principal monetary authority, responsible for such key functions as issuing currency and regulating the supply of credit in the economy. another definition... Central Bank -- An institution with the sole right to issue bank notes and power to dictate the monetary policy for a currency zone. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.