European Central Bank, European System of Central Banks and the Eurosystem
The European Central Bank (ECB) has been responsible for conducting monetary policy for the euro area since 1999. One of the the ECB's main tasks is to maintain the euro's purchasing power and price stability in the euro area.
The Eurosystem comprises the ECB and the national central banks of those countries that have adopted the euro. The Central Bank of Ireland represents Ireland in the Eurosystem.
The European System of Central Banks (ESCB) comprises the ECB and the national central banks of all EU Member States whether they have adopted the euro or not. The Eurosystem and ESCB will coexist as long as there are EU member states outside the Euro area.
Find out more by visiting the ECB website.