The German Central Bank (Deutsche Bundesbank) The German Central Bank and the European Central Bank The German Central Bank (Deutsche Bundesbank) is the central bank of Germany. Its central offce is in Frankfurt/Main. It has nine regional offces (Hauptverwaltungen, formerly known as State Central Banks, Landeszentralbanken) located in Berlin, Duesseldorf,Read More →
Germany has a universal banking system Banking system and regulations Germany has a universal banking system, i.e. German banks are typically engaged in a full range of banking activities rather than being specialized or restricted to certain activities. Despite all the differences in their legal form, size, organization and businessRead More →
Euro is the official currency in Germany Currency and exchange controls The euro is the offcial currency in Germany and the other Eurozone member countries. The euro was launched in 1999. The euro is freely convertible into other currencies, and the import and export of capital is free, subject onlyRead More →
Cost of living in Germany varies greatly Consumer prices The cost of living in Germany varies greatly and depends mainly on the place of residence. The cost of living and housing in Munich in southern Germany, for instance, is likely to be higher than in Rostock – a city inRead More →
Designed using Magazine Hoot. Powered by WordPress.