Search from various English teachers...
Italy flagvalin09
European Central Bank The European Central Bank (BCE) is a real central bank that has legal personality and a capital of over 10 billions euros.

The BCE authorizes the iussuance of legal tender in european area and then central national banks provide to the material production of legal tender authorizes by the BCE.

For example in Italy the Bank of Italy provide to print euro banknotes authorizes by BCE, while coins are minted by "Polografic institute mint of the State".

The BCE and central national banks of member countries of European Union make up the SEBC.

Corrections · 1

0

European Central Bank

The European Central Bank (BCE) is a real central bank that has legal personality and a capital of over 10 billions euros.

The BCE authorizes the issuance of legal tender in european area and then central national banks provide the material production of legal tender authorized by the BCE.

For example in Italy the Bank of Italy provides to print euro banknotes authorized by BCE, while coins are minted by "Polografic institute mint of the State".

The BCE and central national banks of member countries of European Union make up the SEBC.

Want to progress faster?

Join this learning community and try out free exercises!

Don’t miss out on the opportunity to learn a language from the comfort of your own home. Browse our selection of experienced language tutors and enroll in your first lesson now!

Start Learning Today