“In a globally interconnected world, autonomy is an illusion,” Bundesbank President Joachim Nagel told the German “Frankfurter Allgemeine Zeitung” newspaper. But even so, Europe still needed to invest in certain areas in order to become more independent. Interviewed jointly with Martin Kocher, Governor of the Oesterreichische Nationalbank, they also spoke about the debt ratios of euro area countries, proposals for fiscal consolidation, and central bank independence.

The branches of the Bundesbank supply the economy with euro banknotes and coins, and offers private customers the opportunity to exchange D-Mark banknotes and coins free-of-charge and with no fixed deadline.

The branches of the Bundesbank supply the economy with euro banknotes and coins, and offers private customers the opportunity to exchange D-Mark banknotes and coins free-of-charge and with no fixed deadline.

Burkhard Balz is the man for the digital euro on the Bundesbank’s Executive Board. He must reassure the banks that are supposed to pay for the system, convince critics in the EU and win the race against crypto-assets. Despite these challenges, he believes that everyone will have digital money in their pockets in three years’ time.

TARGET2-Securities (T2S) is the name of the Eurosystem project to offer a new, harmonised and centralised method of settling securities in central bank money.

Statistics about payments in Germany serve primarily as an important data source for establishing, managing and monitoring payment and securities settlement systems. In addition, statistics about the structure and scope of the payments are used in tandem with monetary statistical indicators for analysis at national and international levels.

In einem Gastbeitrag in der Frankfurter Allgemeine Zeitung beleuchtet Vorstandsmitglied Burkhard Balz die Chancen und Potenziale des digitalen Euros für die europäische Wirtschaft. „Die neue Digitalwährung der Eurozone bietet weit mehr als eine europäische Alternative zu amerikanischen Zahlungsdienstleistern“, so Balz.

Pictures and information on DEM banknotes and coins, BBK3 and previous series.

In its function as Germany's central bank, the Bundesbank answers enquiries concerning historical German currencies and calculates long-term purchasing power equivalents.