Deutsche Bundesbank is the central bank of the Federal Republic of Germany and, thus, the “bankers’ bank”. Since 1999, it has been part of the Eurosystem, sharing responsibility with the other national central banks and the European Central Bank for the single currency, the euro. The overriding aim behind all of the Bundesbank’s activities is to safeguard the stability of the general price level and the financial system. The Bundesbank’s participation in the Eurosystem, the integration of the international financial markets and innovations in the fields of payments and finance are creating new challenges for its stability policy.
In order to better meet these challenges, the bank has identified five core business areas, in-ter alia “Cash Management” and “Payment Systems”. In order to maintain confidence in our currency, the euro, it is the Bundesbank’s task to provide an adequate supply of high-quality euro banknotes and coins at all times. To achieve this, the Bundesbank provides retailers and banks with cash, withdraws counterfeit money from circulation and replaces damaged coins and banknotes. Besides this, the Bundesbank must, in order to ensure the long-term quality and security of the cash supply in emergencies and crises – ie in the event that larger cash handling firms cannot operate owing to strikes or insolvency – retain a sufficient level of involvement in the cash cycle and in banknote processing.
Regarding cashless payments, efficient and secure payment systems are the foundation of a stable financial system. The Bundesbank secures and monitors cashless payments in Germany as a financial centre, provides settlement and clearing services and plays an active role in the further development of the single European payment system.