Banque centrale du Luxembourg

The basic tasks to be carried out by the ESCB, as laid down by the Treaty, are:

to define and implement the monetary policy of the Community;
to conduct foreign exchange operations consistent with the provisions of Article 109 of this Treaty;
to hold and manage the official foreign reserves of the Member States;
to promote the smooth operation of payment systems.

The BCL’s main task is to contribute to the fulfilment of the ESCB’s missions.

It also provides services to public institutions, to the financial sector and to the national economy as a whole. In general, it opens accounts only to monetary and financial institutions, but it is not a commercial bank. Thus, it is not possible for an individual to open an account or to ask for a loan.

Missions