European Central Bank

the central bank for most of the countries in the European Union, those which have accepted European Monetary Union and have the Euro as their Common Currency.

Abbreviation ECB

"...the ECB begins with some $300 billion of foreign exchange reserves, far more than any other central bank" [Investors Chronicle]

"...any change in the European bank's statutes must be agreed and ratified by all EU member nations" [The Times]

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