In addition to perform the central banking functions, the central banks in many countries have also taken up the functions of financing of exports agriculture and industries. The central bank is the leader of the money market. In a developing economy, it can strengthen the money market, which is necessary for the provision of finance for developing purposes.

In a developing economy, where the money and capital are unorganized, the central bank plays more positive and dynamic role for the economic growth of the country. The central bank can establish a research department to study various economic and financial problems in the country and may advice to the Government at the appropriate time.

The central bank controls the supply of money in the country, which is essential to maintain the purchasing power of money. It also controls the credit created by commercial banks by various measures, which is necessary for the stability of the economic system of the country. In our country, the major portion of the population depends on agriculture. The  central bank can play important role to promote credit and provide help for upliftment of the rural masses. In this way, the central bank  can play an important role for the economic development of the country.