European Central Bank (ECB)

Banque centrale européenne (BCE)
Europäische Zentralbank (EZB)

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Contact Details

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History

1 June 1998, on approval by Council of the European Union, in accordance with Treaty on European Union (Maastricht Treaty), signed 7 Feb 1992. ECB Statutes, which are annexed as a Protocol to the Maastricht Treaty, were drawn up by Committee of Governors of the Central Banks of the Member States of the European Economic Community before its dissolution. Functions as an integral part of the European Communities (EC), the first pillar of the European Union (EU) and, together with national central banks, constitutes the European System of Central Banks (ESCB), which was also established on 1 June 1998 in the context of the third stage of European Economic and Monetary Union (EMU). Located in Frankfurt-Main (Germany), ECB became operational on 1 Jan 1999, when it became responsible for conducting monetary policy, ie setting interest rates for the euro area. It replaces European Monetary Institute (EMI), established 1 Jan 1994, which prepared a regulatory, organizational and logistic framework for the ESCB to perform its tasks in the third stage of EMU. Became responsible for the Single Supervisory Mechanism (SSM), 1 Nov 2014.

Aims

Maintain price stability in the euro area.

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Activities

Politics/policy/regulatory: defines and implements monetary policy; conducts foreign exchange operations; holds and manages the euro area's foreign currency reserves; promotes the smooth operatin of payment systems. Specific tasks in the areas of: banking supervision; banknotes; statistics, macroprudential policy and financial stability; international and European cooperation.

Structure

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Languages

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Staff

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Financing

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Relations with Inter-Governmental Organizations

Relations with 9 inter-governmental organizations.
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Publications

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Members

Members in 19 countries
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Type I Classification

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Type II Classification

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UIA Org ID

F2923

Last News Received

1. Jun 2017
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