Banque centrale du Luxembourg

The Banque centrale du Luxembourg (BCL) was founded by the laws of 22 April 1998 and 23 December 1998 as amended by the law of 13 July 2007, the law of 24 October 2008 and 10 November 2009. The BCLwas set up at the same time as the European Central Bank (ECB). Its foundation represents the final outcome of long efforts in the context of the creation of the European Monetary Union (EMU, see also Eurosystem).

The Luxembourg State is the sole shareholder of the Central Bank, whose capital is set at 25 million euros. Its independence, however, is provided for by its founding law and by the Maastricht Treaty.

The BCL’s contribution is important for the euro area and for the country. The Maastricht Treaty and the advent of the euro made the creation of a central bank necessary. The BCL is in charge of essential missions regarding monetary policy, the issuing of banknotes, financial stability, payment systems and even economic analysis.

In this section, you will also find following information:

The organisation of the BCL
The organic law of the BCL
Opening days and hours
An access map
A presentation of the BCL library
A brief history of monetary policy in Luxembourg
A presentation of the Pierre Werner Lecture organised annually by the BCL

Support of the Sri Lanka Tsunami Relief Fund program by the "Amicale du personnel de la BCL"

On 23 Novembre 2009, the BCL has become an Associate Member of the Islamic Financial Services Board (IFSB).

About the Bank