The Deutsche Bundesbank (German: Deutsche Bundesbank) Is The Central Bank Of Germany And Part Of The European System Of Central Banks (ESCB). Due To Its Strength And Size, The Deutsche Bundesbank Is The Most Influential Member Of This Organization. The Deutsche Bundesbank And The European Central Bank Are Located In Frankfurt, Germany.
Introduction
The Deutsche Bundesbank Was Established In 1957 As The Reichsbank. The Deutsche Bundesbank Was Issued On June 20, 1948, And Served As The Central Bank For The Deutsche Mark Until The Physical Currency Of The Euro Began To Circulate In 2002. It Was The First Central Bank To Be Given Full Independence, Representing The Central Banking Model Known As The "federal Bank Model", Which Corresponds To The "New Zealand Model" In Which The Government Determines Its Goals. The Deutsche Bundesbank Is Widely Respected For Its Success In Controlling Inflation In The Second Half Of The 20th Century, Which Made The Deutsche Mark One Of The Most Important Currencies And Gave It Practical Potential Influence Over Many Other European Countries.
Successive Presidents
- 1957.8.1 - 1957.12.31: William Walker
- 1958.1.1 - 1969.12.31: Karl Breisin
- 1970.1.1 - 1977.6.30: Karl Klassen
- 1977.7.1 - 1079.12.31: Otma Emmingle
- 1980.1.1 - 1991.7.27: Karl Otto Pearl
- 1991.7.28 - 1993.9.30: Helmut Schlesinger
- 1993.10.1 - 1999.8.30: Hans Titmaier
- 1999.9.1 - 2004.4.7: Ernst Wirtke
- 2004.4.30 - 2011.4.30: Axel Weber
- 2011.4.30 -: Keens Weidmann
In Germany, Cash Remains The Most Commonly Used Payment Method For Point Of Sales. This Is One Of The Findings Of The Bundesbank's Latest Study Of German Payment Behavior In 2023. However, Bank Cards And Mobile Payments Are Making Significant Progress, While The Share Of Cash Payments Is Declining. "Although This Decline Is No Longer As Pronounced As During The Coronavirus Pandemic, The Share Of Cash Payments Is Declining Faster Than In Previous Years", "Executive Board Member
