State Bank of Dorvik

The Federal Bank of Dorvik (Dundorfian: Föderalen Bank Dorvik) is the central bank of the Dorvish Federation. It is granted its authority by the Constitution of the Dorvish Federation, the Federal Bank as it is commonly known is the successor to the Central Bank of Dorvik which was replaced when the Dorvish Federation was founded, despite the numerous movements the Federal Bank has remained as the central banking institution of the Dorvish state. The Federal Bank is headed by an appointed Chairman, the Chairman of the Federal Bank is appointed by the President of the Dorvish Federation and confirmed by the Federal Council, the upper-house of the Federal Assembly. The Chairman is the overall director of the Federal Bank and is responsible for cooperating with the Minister of Finance and the Minister of Economic Cooperation and Development, the development of monetary policy of the Dorvish Federation. The Federal Bank grants a fourth of its profits to the Government of the Dorvish Federation for uses in various sectors of the economy. This is akin to the Federal Investment Fund (Dorvik) which is the sovereign wealth fund of the Dorvish Federation.