Definition of "central bank" [central bank]

• A nation's principal monetary authority, such as the Federal Reserve Bank, which regulates the money supply and credit, issues currency, and manages the rate of exchange. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "La Compañía de Pildora would present the $5,700,000 debt certificates to the Mexican central bank for redemption at about 88% of the face value or $5,000,000 in pesos, converted at the free rate on that day."
• "This was a severe blow to the proposals, contingent on Greece not reneging on its debt, because the central bank has said it will not accept defaulted bonds as collateral."
• "This rate was set by the central bank and stood at MP545.70."