| Department |
Key Responsibilities |
| Economic and Price Stability Group |
| Domestic Operations |
Responsible for implementing monetary policy measures, mainly through the conduct of open market operations and the enforcement of the reserve requirement for commercial banks. Operates current account facilities for the Government, commercial banks and Primary Dealers. |
| Economic Research |
Responsible for compiling data and conducting economic research for the guidance of the Monetary Board and the Governor in formulating, implementing and executing policies and measures and for the information of the public, in the subjects of money and banking and other economic subjects of general interest. The department also plays a key role in providing economic advise to the government as stipulate in the MLA. |
| International Operations |
Responsible for managing the official international reserves. |
| Statistics |
Responsible for compiling, analyzing and forecasting socio-economic statistics and conducting surveys. |
| Financial System Stability Group |
| Bank Supervision |
Responsible for the regulation and supervision of licensed banks. |
| Financial Stability Studies |
Responsible for monitoring the financial sector and maintaining financial system stability |
| Payments and Settlements |
Responsible for the advancement, stability and efficiency of the domestic payment and settlement system. |
| Supervision of Non-Bank Financial Institutions |
Responsible for the regulation and supervision of Licensed finance and leasing companies. |
| Financial Intelligence Unit |
Responsible for implementation and administration of the provisions of the Financial Transactions Reporting Act No 6 of 2006 (FTRA) to facilitate the prevention, detection, investigation and prosecution of the offences of money laundering , the financing of terrorism and other unlawful activities defined in the Act. |
| Currency Issue and Management Group |
| Currency |
Responsible for the availability and integrity of currency notes and coins and their issue and distribution. |
| Agency Services Group |
| Employees' Provident Fund |
Responsible for receiving Employees' Provident Fund member contributions, maintaining member accounts, investing funds and paying benefits to members. |
| Exchange Control |
Responsible for foreign exchange management under the Exchange Control Act. |
| Public Debt |
Responsible for the raising, servicing and managing of public debt; operating the Scripless Securities Settlement System; maintenance of the Central Depository System for Government Securities and the supervision of Primary Dealers. |
| Regional Development |
Responsible for promoting regional development through government and donor assisted rural credit delivery programmes. |
| Human Resource Development and Management Group |
| Centre for Banking Studies |
Responsible for conducting in-house training programmes for the Bank staff and the financial sector. |
| Human Resources |
Motivating and upgrading the competencies of existing staff, attracting appropriate talent by ensuring a consistent, transparent and relevant system of recruitment, evaluation, job rotation, promotion and providing opportunities for skills and competencies development which ensures a sustainable succession planning. |
| Staff Services Management Department |
Responsible for providing welfare facilities to the staff. |
| Corporate Services Group |
| Communications |
Responsible for communication of the Bank's policies and output and dissemination of such information to the public and the Central Bank staff and providing library services. |
| Governor's Secretariat (GSD) |
GSD which established on 29th June, 2009 provides extensive operational assistance required by the governor. The main tasks of the GSD are managing appointments and correspondence relating to functions of the governor, providing relevant inputs and analysis, briefing specific matters, follow up instructions issued by the governor to other departments, coordination of work, managing all arrangements of foreign and local travels of the governor and protocol duties of the governor and foreign delegates. |
| Finance |
Responsible for budgeting, budgetary control and financial reporting of the Bank. . |
| Information Technology |
Responsible for the advancement, stability and efficiency of the Bank's information technology operations and systems. |
| Facilities Management |
Responsible for the maintenance of the Bank's premises and physical assets. |
| Provincial Offices Monitoring Department(POMD) |
The Department is Responsible for formulation and implementation of regional development finance plans in consultation and association with relevant institutions, formulation of policies for functions and operations of Provincial Offices (POO), monitoring of the performance of POO, Co-ordination of POO with national level institutions, making arrangements for opening new POO and appropriate expansion of POMD to facilitate its functions in line with policy priorities. |
| Secretariat |
Responsible for the general administration and procurement services of the Bank |
| Security Services |
Responsible for providing security to the Bank |
| Policy Review and Monitoring Group |
Policy Review and Monitoring |
Responsible for reviewing and assessing the impact of the Bank's policies and the Bank's progress vis-à-vis strategic targets |
Management Audit |
Responsible for independent audit and advice to the Bank and monitoring Bank-wise risk management. |
