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The European Central Bank - Coggle Diagram
The European Central Bank
History
1990: Co-operation between central banks
1994: Establishment of the European Monetary Institute
1999: Conduct of the single monetary policy by the European System of Central Banks
1 January 2001: The new currency becomes the Euro
Its functions
Monitors price trends and assures stability
Authorises production of euro banknotes
Supports economic growth, financially helping members
Supervises financial markets and institutions
Decision-making bodies
Executive Board
Runs the ECB, President and other 4 members
President: Christine Lagarde
Governing Council
Executive Board + governor of national central banks
General Council
Cordination role
Location
Frankfurt, Germany
Eurozone
EURO
The euro (symbol: €; code: EUR) is the official currency of 19 out of the 27 member states of the European Union