Can individuals open accounts with the central bank?

No, individuals cannot open accounts with the central bank. Central banks are not designed to provide banking services to individuals but rather to regulate and manage the financial system. Their main functions include controlling monetary policy, issuing currency, and supervising commercial banks. Individual consumers typically interact with commercial banks, credit unions, or other financial institutions for their everyday banking needs such as opening savings or checking accounts, obtaining loans, or making transactions. Central banks focus on overseeing and maintaining the stability of the overall economy, ensuring financial stability, and acting as a lender of last resort to commercial banks.