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Introduction to the euro


The European Central Bank and the Eurosystem


The ECB's monetary policy


Denmark and the euro


Non-euro area EU member states


Economic-policy cooperation in the EU


Cash changeover


History of the Euro


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The European Central Bank









The ECB came into being on 1 June 1998. This gave it six months to prepare for the challenging and unprecedented tasks of

  • replacing the currencies of a group of sovereign states with the “single currency”, and
  • devising a monetary policy for the nascent euro area.

1 June 1998 also saw the establishment of the "European System of Central Banks", the institutional framework that comprises the ECB and the central banks of all 27 EU Member States.









Last update: 06/02/2008

 
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