ECB

ECB may be an abbreviation for: European Central Bank, the central bank for the Eurozone of the European Union.Wisconsin Educational Communications BoardEmacs Code Browser [1]England and Wales Cricket Board, the governing body of cricket in England and WalesElectronic codebook mode, a type of data encryption using block ciphersEnvironment Campus Birkenfeld, a university of applied sciences in Birkenfeld, Germany.Equatorial Commercial Bank of Kenya.European Chemicals Bureau, the Toxicology and Chemical Substances (TCS) Unit of the Joint Research Centre (JRC) of the European Commission.
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The European Central Bank (ECB) is one of the world's most important central banks, responsible for monetary policy covering the 13 member countries of the Eurozone. It was established by the European Union (EU) in 1998 with its headquarters are in Frankfurt, Germany.
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Bank created to monitor the monetary policy of the 11 countries that converted to the Euro from their local currencies. The 11 countries are: Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Portugal, and Spain.

See European Central Bank (ECB)    

The ECB lies at the centre of the European System of Central Banks (ESCB) and the Eurosystem and has legal personality under Community law. It ensures that the tasks conferred upon the Eurosystem and the ESCB are implemented either by its own activities or those of the national central banks pursuant to the Statute of the European System of Central Banks and of the European Central Bank.

The European Central Bank was inaugurated on 30 June 1998. On 1 January 1999 it took over responsibility for implementing European monetary policy as defined by the European System of Central Banks (ESCB). As to the practicalities, the ECB's decision-making bodies (the Governing Council and the Executive Board) run the European System of Central Banks, whose tasks are to manage the volume of money in circulation, conduct foreign-exchange operations, hold and manage the Member States' official foreign-exchange reserves, and promote the smooth operation of payment systems. The ECB took over from the European Monetary Institute (EMI).

The Treaty of Nice, adopted in December 2000, did not change the composition of the ECB Governing Council (comprising the members of the Executive Board and the governors of the national central banks) but allows for changes to the rules on decision-making (decisions are generally adopted by simple majority of the members, each having one vote). Any such change requires a unanimous European Council decision that must be ratified by the Member States.

See:

•Convergence criteria 
•Economic and monetary union (EMU)

ELECTRONIC CODEBOOK. EVENT CONTROL BLOCK. ECB