Definition ∞ Central bank accounts are accounts held by commercial banks and other authorized financial institutions directly with a nation’s central bank. These accounts facilitate interbank settlements, reserve management, and the implementation of monetary policy. They serve as the foundation for a country’s payment system infrastructure. Access to these accounts is typically restricted to regulated entities.
Context ∞ The concept of central bank accounts is central to discussions surrounding central bank digital currencies and their potential impact on commercial banking models. Debates persist regarding whether individuals should have direct access to such accounts or if intermediated access through commercial banks is preferable. Policy decisions in this area will reshape financial systems.
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