ON December 17, 2018, the German central bank, Bundesbank
,issued its monthly economic report.
Burkhard Balz, a European parliamentarian from chancellor Angela Merkel's centre-right Christian Democratic Union (CDU), is the favourite to replace Andreas Dombret, the Bundesbank
's board member in charge of overseeing banks, when he steps down in April.
"You can exchange unlimited amounts of DM banknotes and coins for euro indefinitely and free of charge at all Deutsche Bundesbank
branches," Bundesbank's (https://www.bundesbank.de/Redaktion/EN/Standardartikel/Tasks/Cash_management/free_exchange_dm_euro.html) website read.
Fourteen years after Europe began switching to the euro, the Bundesbank
says the combined stash of notes and coins is worth 6.6 billion euros.
The Arab Monetary Fund signed a Memorandum of Understanding (MoU) with the Deutsche Bundesbank
. The MoU aims to establish a partnership between the two institutions in order to pursue joint efforts for providing technical assistance and promoting capacity building activities in the Arab Region.
One reason the Bundesbank
is popular with ordinary Germans is that it is seen to pursue a more national than European agenda.
"A flurry of unfavourable news reports relating to the international environment have dampened Germany's economic outlook in the second half of the year," the Bundesbank
wrote in its latest monthly report.
said on Monday that countries about to go bankrupt should draw on the private wealth of their citizens through a one-off capital levy before asking other states for help.
Ardian Fullani, the President of the Deutsche Bundesbank
ySTANBUL (CyHAN)- The German Central Bank (Bundesbank
), in its monthly report, says the European Central Bank (ECB) may increase interest rates.
The European Central Bank and Germany's Bundesbank
central bank are getting lawyers to check the legality of the ECB's new bond-buying programme, a German newspaper said on Tuesday.