Two areas which may at first seem like two distinct worlds – foreign policy and central banking – are, in fact, bound by a shared mission: the pursuit of stability and international cooperation, Bundesbank President Joachim Nagel said in New York, where he received a particularly prestigious award: the Foreign Policy Association (FPA) Medal. The FPA awarded this medal in recognition of Mr Nagel’s commitment to responsible international cooperation.

Im August 2025 wies die Leistungsbilanz einen Überschuss von 12 Mrd. € auf (nach 30 Mrd. € im Vormonat).

Die Finanzsanktionen angesichts der Lage in Nicaragua dienen der Durchführung von Maßnahmen der Europäischen Union.

At the end of 2024, Germany’s net external assets totalled €3,452 billion, thus amounting to around 80 % of the country’s nominal gross domestic product (GDP). Overall, both assets and liabilities vis-à-vis non-residents rose further in 2024. 

Viktoria tauscht ihren Arbeitsplatz in Frankfurt gegen Wien und entdeckt im Rahmen des Schuman-Programms neue Perspektiven.

Die Verfahrensregeln zusammen mit den dazugehörigen Spezifikationen und Schemata beschreiben die zukünftige Abwicklung vonSCC-Karteneinzügen imSEPA-Clearer desEMZder Deutschen Bundesbank.

Three years of intense cooperation, 19 stakeholder central banks, and one clear objective: building central bank capacities in the Western Balkans. The conclusion of phase II of this EU-funded project set a strong example for stability, trust and convergence to European standards. A follow-up project is being lined up and could kick off in February 2026. 

In early summer, a delegation from the Deutsche Bundesbank travelled to the Principality of Andorra to lay the foundations for future cooperation. The visit focused on discussions with public financial institutions about economic and fiscal policy issues and explored potential areas of cooperation. This successful meeting marks a promising first step towards a closer partnership.

On 5 August 2025, the Bundesbank welcomed a high-level delegation from the National Bank of Tajikistan in Munich. The focal point of the visit was the exchange of views on cash management, automation and digitalisation. Read more on how the international dialogue opens up new perspectives for the Governor and colleagues in the branches, strengthening cooperation at all levels.

It’s been all change lately at the German Embassies in Paris, Rome and Madrid, as the Bundesbank’s previous representatives bid farewell after four eventful years and hand over the reins to their successors. At the same time, we’re delighted to welcome two new members on board in our project management team in Frankfurt. Read on to learn more about our new colleagues and find out what makes them tick. 

Die Bruttoemissionen am deutschen Rentenmarkt lagen im August 2025 mit 109,6 Mrd € unter dem Wert des Vormonats (132,4 Mrd €). Nach Abzug der Tilgungen und unter Berücksichtigung der Eigenbestandsveränderungen der Emittenten stieg der Umlauf heimischer Rentenwerte um 9,6 Mrd €.

Nach der Einführung des Euro in Bulgarien unterliegen bulgarische Kreditinstitute ebenfalls der Mindestreservepflicht des Eurosystems. Für eine reibungslose Integration bulgarischer Kreditinstitute in das Mindestreservesystem des Eurosystems sind Übergangsbestimmungen erforderlich.