Europe

The mission of the Central Bank of Montenegro is to establish and maintain sound banking system and monetary policy. The Central Bank of Montenegro was established on the basis of the Law on Central Bank of Montenegro.

The role of central banks in national economies has evolved over time to embrace two key areas of responsibility: the formulation and implementation of monetary policy and the promotion of a sound and efficient financial system.

One of the Central Bank of Iceland´s main tasks is to promote an efficient and safe financial system, including domestic payment systems and foreign payment intermediation.

On January 1, 1987 Hungary returned to the two-tier banking system. With a few exceptions most of the system, branch offices and clients of the new commercial banks which were established were drawn from the National Bank of Hungary.

The new Bundesbank Act, which came into effect on 30 April 2002, has given the Bundesbank a new structure. This is reflected in the design of our website. The core material we make available online nonetheless still includes the Monthly Report, statistical data and information from the Bundesbank's business areas. Selecting “ECB publications” in the pull-down Services menu on our home page also gives you direct access to the European Central Bank’s website and its publications.

The Banque de France is an integral part of the European System of Central Banks defined by the Maastricht Treaty. It participates in the performance of tasks and achievement of objectives assigned to this system by the Treaty.

The Central Bank of Cyprus was established in 1963, shortly after Cyprus gained its independence, as an autonomous institution in accordance with the Central Bank of Cyprus Law 1963 and relevant articles of the Constitution.

As a member of the European System of Central Banks the Central Bank of Ireland work closely with the European Central Bank and the other national central banks within the EU.

The Bulgarian National Bank, established in 1879, is the Central Bank of Bulgaria. Its main objective is to maintain the stability of the national currency, the Lev, through the implementation of adequate policies and of an efficient payment system.

On 27 June 2004 Slovenia entered the Exchange Rate Mechanism ERM2. The aim of the ERM2 entry is to ensure the stability of the SIT/EUR exchange rate in agreement with the competent European institutions.