National central bank (Eurosystem) in the context of Bank of Greece


National central bank (Eurosystem) in the context of Bank of Greece

⭐ Core Definition: National central bank (Eurosystem)

The Eurosystem is the monetary authority of the eurozone, the collective of European Union member states that have adopted the euro as their sole official currency. The European Central Bank (ECB) has, under Article 16 of its Statute, the exclusive right to authorise the issuance of euro banknotes. Member states can issue euro coins, but the amount must be authorised by the ECB beforehand.

The Eurosystem consists of the ECB and the national central banks (NCB) of the 20 member states that are part of the eurozone. The national central banks apply the monetary policy of the ECB. The primary objective of the Eurosystem is price stability. Secondary objectives are financial stability and financial integration. The mission statement of the Eurosystem says that the ECB and the national central banks jointly contribute to achieving the objectives.

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👉 National central bank (Eurosystem) in the context of Bank of Greece

The Bank of Greece (Greek: Τράπεζα της Ελλάδος Trapeza tis Ellados, abbr. ΤτΕ) is the national central bank for Greece within the Eurosystem. It was the Greek central bank from 1927 to 2000, issuing the drachma.

Unusually among contemporary central banks, the Bank of Greece still has private shareholders and its stock is listed on the Athens Exchange.

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National central bank (Eurosystem) in the context of Central Bank of Ireland

The Central Bank of Ireland (Irish: Banc Ceannais na hÉireann) is the national central bank for Ireland within the Eurosystem. It was the Irish central bank from 1943 to 1998, issuing the Irish pound. It is also the country's dominant financial supervisory authority.

The Central Bank of Ireland was founded on 1 February 1943, succeeding the Currency Commission of Ireland, a currency board established in 1922. Since 1 January 1972, it has operated under the Central Bank Act 1971, which completed the transition from the strict post-independence currency peg to the pound sterling to a fully autonomous central bank.

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National central bank (Eurosystem) in the context of National Bank of Belgium

The National Bank of Belgium (NBB; Dutch: Nationale Bank van België, NBB; French: Banque nationale de Belgique, BNB; German: Belgische Nationalbank, BNB) is the national central bank for Belgium within the Eurosystem. It was the Belgian central bank from 1850 until 1998, established by law of 5 May 1850 and issuing the Belgian franc.

The Belgian government has held half of the National Bank's equity since the aftermath of World War II. It thus remains one of relatively few central banks whose equity capital is partly in private hands, with stock being traded on Euronext Brussels.

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National central bank (Eurosystem) in the context of Bulgarian National Bank

The Bulgarian National Bank (Bulgarian: Българска народна банка, romanizedBulgarska narodna banka, IPA: [ˈbɤɫɡɐrskɐ nɐˈrɔdnɐ ˈbaŋkɐ], BNB) is the central bank of the Republic of Bulgaria, issuing the lev. On 1 January 2026, it is set to become the national central bank for Bulgaria within the Eurosystem as the country adopts the euro as its currency.

Headquartered in Sofia, the bank was established in 1879. It is the 13th-oldest continuously existing central bank in the world. The bank has a key role in the Bulgarian economy. An independent institution responsible for issuing all banknotes and coins in the country, BNB is tasked with safekeeping the government's currency reserves. It is also the sole owner of the Bulgarian Mint.

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