Banknotes and coins in circulation that are commonly used to make payments banknotes issued by the NCBs banknotes issued by other MFIs coins issued by the NCBs coins issued by the central government

issuers of electronic money must be legally obliged to redeem electronic money against central bank money at par at the request of the holder of the electronic money

Liabilities of the money issuing sector and central government liabilities with a monetary character held by the money holding sector . 32

The ECB is the central bank for Europe 's single currency , the euro .

For a time both the central government and these so called national banks issued money.

for issuers of electronic money , i.e. both CIs ans ELMIs , to be legally obliged to redeem electronic money against central bank money at par at the request of the holder of the electronic money .

TARGET2 provides settlement in central bank money and immediate finality .

Central bank money is therefore the safest asset for settlement .

During the reference period Germany has not devalued its currency s bilateral central rate against any other Member State s currency .

During the reference period Austria has not devalued its currency s bilateral central rate against any other Member State s currency .

( c ) the other central bank or other authority responsible for such currency enters into a mutually satisfactory currency participation agreement with the Eurosystem .

Policy stance on the outsourcing of the settlement in central bank money

The Member States shall report their planned and actual deficits and the lcvels of their debt promptly and regularly to the Commission .

During the reference period Denmark has not devalued its currency s bilateral central rate against any other Member State s currency .

During the reference period Spain has not devalued its currency s bilateral central rate against any other Member State s currency .

During the reference period France has not devalued its currency s bilateral central rate against any other Member State s currency .

During the reference period Ireland has not devalued its currency s bilateral central rate against any other Member State s currency .

Since rejoining the ERM Italy has not devalued its currency s bilateral central rate against any other Member State s currency .

During the reference period Luxembourg has not devalued its currency s bilateral central rate against any other Member State s currency .

Since joining the ERM Finland has not devalued its currency s bilateral central rate against any other Member State s currency .

The European currency will also be the currency of settlement of these operations , i.e. the one in which central bank money is denominated .

Description Depicted in the centre of the coin are parts of a jigsaw puzzle showing a dove of peace .

During the reference period Portugal has not devalued its currency s bilateral central rate against any other Member State s currency .

Thus , the creation of central bank money can only be controlled at the Eurosystem level

The Central Bank of the Islamic Republic of Iran is responsible for developing and maintaining the Iranian rial, which serves as the country's currency.

During the reference period the Netherlands has not devalued its currency s bilateral central rate against any other Member State s currency .

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Lithuania has not devalued its currency 's central rate against the euro on its own initiative .

Then, recapitalization in Cyprus would be accomplished by banks issuing money.

The economy is managed by the central National Bank of Rwanda and the currency is the Rwandan franc in June 2010, the exchange rate was 588 francs to the United States dollar.

This is issued by the Central Bank of the West African States (BCEAO), situated in Dakar, Senegal.

( e ) commit towards other CSDs in T2S to carry out their central bank money settlement in T2S if the currency is available in T2S .

The Central Bank of Kenya claimed that the currency could destabilise the economy, and police complained that the NGO wasn't registered, according to news reports.

Collateral pooling system a central bank system for managing collateral , in which counterparties open a pool account to deposit assets collateralising their transactions with the central bank .

In a pooling system , by contrast with an earmarking system , the underlying assets are not earmarked for individual transactions .

Collateral pooling system a central bank system for managing collateral , in which counterparties open a pool account to deposit assets collateralising their transactions with the central bank .

Collateral pooling system a central bank system for managing collateral , in which counterparties open a pool account to deposit assets collateralising their transactions with the central bank .

If the cash leg is settled in a central bank settlement facility , it is referred to as settlement in central bank money .

It provides real time processing , settlement in central bank money and immediate finality .

The second standard aims to ensure that the cash leg of the settlement is conducted in central bank money .

A specific meeting was organised with the electronic money industry and the European Central Bank .

TARGET2 the real time gross settlement system for the euro , providing settlement of payments in euro in central bank money .

One central coenzyme is adenosine triphosphate (ATP), the universal energy currency of cells.

Credit institutions would be able to pool all securities and central bank money on a single platform , instead of distributing securities and central bank money across several independent national platforms , thereby benefiting from the synergies between TARGET2 and T2S .

Central securities depository ( CSD ) an entity which holds and administers securities or other financial assets , holds the issuance accounts , and enables transactions to be processed by book entry .