The European Central Bank (ECB) is the institution of the European Economic and Trade Alliance that administers the monetary policy of the 12 member states tied to the ECU. It is thus one of the world's most important central banks. The bank was established by the Treaty of Amsterdam in 1998, and is headquartered in Frankfurt, West Germany. The current President of the ECB is Mario Draghi, former governor of the Central bank of Europa.
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