Pictures and information on the national sides of the coins in circulation in France.

Germany’s current account posted a surplus of €18.6 billion in June 2025, up €11.1 billion on the previous month’s level. This was mainly attributable to the swing to a surplus in invisible current transactions, which comprise services as well as primary and secondary income. Moreover, the surplus in the goods account increased somewhat.

The Bundesbank has two stand-alone representative offices – one in New York and the other in Tokyo and many Bundesbank representatives, who are posted at German embassies or consulates general all over the world.

On this page, you will find the Bundesbank’s economic publications.

The ECB requires credit institutions to hold compulsory deposits on accounts with the national central banks: these are called “minimum” or “required” reserves. The amount of required reserves that each credit institution has to hold is determined by its reserve base multiplied by a minimum reserve ratio.

Der Beirat besteht aus Vertretern verschiedener Wirtschaftszweige.