Importance The article's subject matter is the capital of the central bank as an issuing institution. Objectives The purposeof the article is to disclose the meaning of capital (own funds) for the central bank in the performance of its functions. Methods For the study, I used formal logic, statistical data analysis, and the systems approach. Results I have developed and now present my own matrix of the central bank's relative capital, showing its quality need for capital, depending on the exchange rate regime and fluctuation of the national currency. The article shows the economic content of various capital elements of the central bank, as well as the factors influencing the capital size. The article justifies the assertion that there is no need for a central bank to have a statutory and reserve capital. Conclusions There are still no perceptions of the adequacy of the central bank's capital stock, which requires a review of the theoretical assumptions about the nature and role of capital of the central (issue) bank.
Keywords: Central Bank, capital, registered capital, reserve capital, negative capital, international reserves
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