Central Bank of Luxembourg explained

Central Bank of Luxembourg should not be confused with Banque de Luxembourg.

Bank Name In Local:	Banque centrale du Luxembourg
Ownership:	100% state ownership^[1]
Headquarters:	Boulevard Royal, Luxembourg City
Established:	1 June 1998^[2]
President:	Gaston Reinesch
Leader Title:	Governor
Bank Of:	Luxembourg
Reserves:	190 million USD
Website:	www.bcl.lu
Preceded:	Institut Monétaire Luxembourgeois (IML)
Succeeded:	European Central Bank (1999)^1
Footnotes:	^1 The Central Bank of Luxembourg still exists but many functions have been taken over by the ECB.

The Central Bank of Luxembourg (Luxembourgish; Letzeburgesch: Zentralbank vu Lëtzebuerg; French: Banque centrale du Luxembourg, BCL; German: Luxemburger Zentralbank) is the member of the Eurosystem for Luxembourg and was founded for that purpose in 1998, succeeding the Institut Monétaire Luxembourgeois.

Governors

• Pierre Jaans (Director General of IML 1983–1998)
• Raymond Kirsch (President of IML 1985–1998)^[3]
• Yves Mersch (1998–2013)^[4]
• Gaston Reinesch (since 2013)^[5]

See also

• List of banks in Luxembourg
• Economy of Luxembourg
• Luxembourgish franc
• List of central banks

References

• Ernest Mühlen, Monnaie et circuits financiers au Grand-Duché de Luxembourg, Université Internationale de Sciences Comparées, Luxembourg, 1968.
• Roger Croisé, René Link, La législation monétaire au Grand-Duché de Luxembourg de 1815 à nos jours, Edition Lux-Numis, Luxembourg,1988, 639 p.

External links

• Official site of Banque centrale du Luxembourg
• European Central Bank

Notes and References

1. Web site: Weidner . Jan . The Organisation and Structure of Central Banks . Katalog der Deutschen Nationalbibliothek. 2017. PDF.
2. Book: Bank Profitability: Methodological Country Notes 2000 . 18 July 2000 . OECD Publishing . 978-92-64-18217-2 . 108 . en.
3. Web site: The Banque centrale du Luxembourg. bcl.lu. fr. 11 April 2024.
4. Web site: Who wants to be boss of BCL?. 11 December 2017.
5. Web site: Banque centrale du Luxembourg - Cérémonie organisée à l'occasion des nominations de Monsieur Yves Mersch au Directoire de la Banque centrale européenne et de Monsieur Gaston Reinesch à la Banque centrale du Luxembourg . 2022-10-16 . www.bcl.lu.