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Bundesbank |
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Bundesbank The central bank of Germany. Established in 1957, it issued the Deutsche mark until 2002 when it was replaced by the euro. However, the Bundesbank remains the most influential member of the European System of Central Banks. Both the Bundesbank and the European Central Bank (ECB) are headquartered in Frankfurt. Among other duties, it is responsible for issuing euros and regulating banks under its jurisdiction. However, it is not a lender of last resort, as the ECB fulfills this duty. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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The signing of the agreement with the Deutsche Bundesbank means the Fund can now add these resources to those already available through borrowing agreements signed with other members. Many German bankers and market players are keen to see the German government, the Deutsche Bundesbank and BaFin to be more proactive in facilitating and promoting Islamic finance, not only as a part of a social and financial inclusion policy initiative, but also to attract more investments and facilitate greater trade and financial cooperation with Muslim countries. along with Axel Weber, President of the Deutsche Bundesbank, all were on hand to honor Mr. |
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