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AK47
Lv 4
AK47 asked in Social ScienceEconomics · 1 decade ago

Euro Currency Printing?

Since the currency 'Euro' has been used in 12 countries,how do they control the amount of the currency printed annually?Too much,will cause inflation.Too little,transaction is impossible.

1 Answer

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  • Anonymous
    1 decade ago
    Favorite Answer

    This is under the responsibility of the ECB, the European Central Bank. It works to maintain the euro's purchasing power and maintain price stability in the euro area. All of the countries that have adopted the Euro have also adopted a single monetary policy in order to avoid the problem of inflation and disparate policies that would weaken the currency.

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