central bank vs commercial bank
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1,111,111 TRP = 11,111 USD
1,111,111 TRP = 11,111 USD
1,111,111 TRP = 11,111 USD
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From my understanding, the main différence lies as follows : the central bank presents itself as the public institution that manages the currency and controls or supervises the economy of a country, such as in my country, the Republic of Guinea, the central bank of the Republic of Guinea, abbreviated B.C.R.G , While commercial banks are private establishments where you open your bank account to manage your money on a daily, monthly, or annual basis, such as in Guinea we have the following commercial banks : Ecobank, Orabank, UBA, vista bank and other…