Central Noob Bank

The Central Noob Bank is a government institution that is in charge of managing the monetary stability with the monetary policy of the kingdom.

Its functions include regulate the emission and circulation of the Neo Tix, national currency produced by the Royal Noob Mint, manage the gold reserves of the kingdom and back the currency emmited with the reserves, emmit monetary cones, control the type of change between Robux and Neo Tix.

Its headquarters are in Nooblandy, Ashers Region, UNLK

History
In Noob Kingdom times

In the times of Noob Kingdom the Central Noob Bank existed, it emitted the "Slug" currency, but it wasn't backed by nothing. It was by definition fiat money, this didn't caused inflation because all the companies, goods and services where controlled by government and government officials. Free market was permited but no one more than government officials established companies.

In United Neolands Kingdom times

In the times of UNLK the Central Noob Bank remain existing, it wasn't disolved, but because of the Reestructuration of the kingdom, the name of the national currency changed to "Neo Tix", The institution will have jurisdiction on all the reestructured territories, the currency will be backed by gold at a fixed exchange rate established by the central bank, at it will change depending on the gold reserves of the kingdom.

Objectives and functions
Mantaining the predominance of the use of Neo Tix in the kingdom and further territories in which it has a monetary agreement. Backing the Neo Tix in gold preventing inflation and letting market decide the interest rates based in the current natural savings and spendings of the economy.

Use of currency outside of the kingdom
The kingdom has currently one country using its currency outside of its jurisdiction.


 * Akatsuki Kingdom

Akatsuki Kingdom is the only country in which it is used as official currency with a monetary agreement with UNLK. The Central Noob Bank emmits currency and part of it goes to a special jurisdiction called "Foreign use of currency" which are the countries with monetary agreements with the kingdom, where all the banks registered by Akatsuki Government receive the UNLK currency.

Akatsuki can't control the Central Noob Bank and doesn't have a rule on them, only the monetary agreement they have.

Akatsuki also has its own currency, named Akat emitted by Akat Central Bank, which backs the currency with gold, it has lower gold reserves and most of it come from UNLK. Thats why its important to have a monetary agreement with UNLK, Akatsuki currently has two official currencies, the Neo Tix (from UNLK) and the Akat (their own currency).