The Euro: The designated currency utilized by a collective of 15 countries in what is known as the Euro area. Euro banknotes: Tangible notes with denominations in Euros, serving as a medium of exchange. Euro Banknotes and Coins: Both the physical banknotes and coins employed within the Euro area. Common and National Sides of Euro Coins: Euro coins possess a standardized design on one side, symbolizing the Eurozone as a whole, while the other side showcases a distinct design specific to
The ECB, or European Central Bank, is a key EU institution that plays a central role in the Eurosystem and the Single Supervisory Mechanism. Headquartered in Frankfurt am Main, Germany, it employs over 2,500 staff from various European countries. These dedicated professionals collaborate closely with national central banks in the Eurosystem and national supervisors in the Single Supervisory Mechanism to fulfill a wide range of responsibilities, including banking supervision.
The European Central Bank is a recognized institution of the European Union, playing a central role in the Eurosystem and the Single Supervisory Mechanism.
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