CECAEN Rev 3
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Sections Correlation Guide About the Project Contact
Group 641

Activities of central banks (national)

This category includes the specific activities of the national central bank, the public institution that controls the money supply, sets the reference interest rate, and oversees the stability of the financial system. It is not an ordinary bank where you can make deposits or take loans – its role is macroeconomic, regulatory, and involves issuing the national currency.

Included Activities & Applicability

  • ✅ Issuing and managing the national currency Overseeing the banking and financial system Managing foreign exchange and gold reserves Monetary policy operations (interest rate
  • ✅ open market operations) Issuing government securities and managing public debt Providing payment services for banks and government Collecting and publishing financial and monetary statistics

Excluded Activities & Restrictions

  • ❌ Commercial banking activities (deposits
  • ❌ loans to the public) Financial services provided by commercial banks
  • ❌ investment banks
  • ❌ savings banks Monetary intermediation activities carried out by other financial institutions (credit companies
  • ❌ credit cooperatives) Managing pension funds and mutual funds Insurance and reinsurance

Subordinate Structure

6411 Activities of central banks
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6419 Other monetary intermediation activities
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Detailed Analysis & Commercial Insights

CAEN Division 641: Central Bank Activities

CAEN Division 641, officially titled 'Activities of central banks (national)', is one of the most important economic categories, although it involves a single major player on the Romanian market: the National Bank of Romania (BNR). This class covers the essential functions of the central bank, including issuing the national currency, defining and implementing monetary policy, managing international reserves, and prudential supervision of credit institutions. In Romania, the BNR plays a crucial role in maintaining price stability and the financial system, with inflation as its main target. The macroeconomic impact of these activities is enormous: monetary policy decisions influence the cost of credit, investment, and consumption, while exchange rate management affects exports and imports. The evolution of this sector is closely linked to European integration and the adoption of the euro, which involves challenges such as alignment with ECB rules and managing nominal and real convergence. Entrepreneurs active in the financial sphere must understand that any decision by the central bank – from changing the reference interest rate to regulations on banks' own capital – has direct effects on liquidity and financing costs. Although CAEN 641 is not a class that you can enter as a private firm, it represents the foundation on which the entire banking and financial system in Romania rests.