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The Banque centrale du Luxembourg (BCL) was founded by the laws of 22 April 1998 and 23 December 1998. The BCL was set up at the same time as the European Central Bank (ECB). Its foundation represents the final outcome of long efforts in the context of the creation of the European Monetary Union. The BCL’s contribution is important for the euro area and for the country. The Maastricht Treaty and the advent of the euro made the creation of a central bank necessary. The BCL is in charge of essential missions regarding monetary policy, the issuing of banknotes, financial stability, payment systems and even economic analysis.
Chairman: Yves Mersch