All about Euro
The Eurozone has a centralized monetary authority, the European Central Bank (ECB), which is responsible for managing the Euro currency. European Central Bank (ECB) 1. _Headquarters_: The ECB is headquartered in Frankfurt, Germany. 2. _Governance_: The ECB is governed by the Governing Council, which consists of the ECB's President, Vice-President, and the governors of the national central banks of the Eurozone countries. 3. _Objectives_: The ECB's primary objective is to maintain price stability, which is defined as an inflation rate close to, but below, 2%. Currency issuance and management 1. _Currency issuance_: The ECB is responsible for authorizing the issuance of Euro banknotes and coins. 2. _National central banks_: The national central banks of the Eurozone countries are responsible for printing and distributing Euro banknotes and coins. 3. _Currency management_: The ECB manages the Euro currency, setting monetary policy and regulating the money supply. Disputes between...