The ECB, or European Central Bank, is the the main repository used by individual banks in Europe. In other words, it serves as the central bank for all EU countries that have adopted the euro!
The main goal of the ECB is to ensure proper circulation of funds so that the economy keeps on running smoothly. They serve as the the man behind the curtain to help maintain stability of the euro 💶.
As the ECB is the “bank of banks”, they never invest in anything. They don’t have a need to make investments as the ability to print and regulate money is in their own hands. By storing your money with them, you can ensure that it is not being used for shady practices 🙌.
If you want to learn more about ECB and what they do, check out this link for more info!
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