i do not think what you are saying is correct badhijanne. In my opinion, in the modern system of currency, its controller is always above the govt.

we are not taught this.

govt cannot be the owner of central bank; absolute monarchy can be the owner.

during kingship, there were all the government ministers, but control of currency was handled by different mechanism.

somebody must know how was it done?

"ownership of government entity is unlike private or public company" . somebody please explain what will happen to currency if its owners (shareholders) dont take strong, and correct financial decisions regarding printing money (national debt). Do you still think that govt dont have to pay the loan that they borrow?

Correct statement will be "ownership by govt entity should function just like private or public company" or the business model will be disrupted.