Central Bank of Luxembourg
| Headquarters | Boulevard Royal, Luxembourg City |
|---|---|
| Established | 1 June 1998[1] |
| Ownership | 100% state ownership[2] |
| Governor | Gaston Reinesch |
| Central bank of | Luxembourg |
| Reserves | 190 million USD[2] |
| Preceded by | Institut Monétaire Luxembourgeois (IML) |
| Succeeded by | European Central Bank (1999)1 |
| Website | www.bcl.lu |
| 1 The Central Bank of Luxembourg still exists but many functions have been taken over by the ECB. | |
The Central Bank of Luxembourg (French: Banque centrale du Luxembourg [bɑ̃k sɑ̃tʁal dy lyksɑ̃buʁ], BCL; German: Luxemburger Zentralbank [ˈlʊksm̩ˌbʊʁɡɐ tsɛnˈtʁaːlbaŋk]; Luxembourgish: Zentralbank vu Lëtzebuerg) is the national central bank for Luxembourg within the Eurosystem. It was founded for that purpose in 1998, and also succeeded the Institut Monétaire Luxembourgeois in some of the latter's mandates.
The Central Bank of Luxembourg is not itself a financial supervisory authority but participates in European banking supervision as a member of the Supervisory Board of the European Central Bank, alongside the Commission de Surveillance du Secteur Financier.[3] It is also a member of the European Systemic Risk Board (ESRB).[4]
Former IML Management
- Pierre Jaans (Director General of IML 1983–1998)
- Raymond Kirsch (President of IML 1985–1998)[5]
Governors BCL
- Yves Mersch (1998–2013)[6]
- Gaston Reinesch (since 2013)[7]
See also
References
- ^ Bank Profitability: Methodological Country Notes 2000. OECD Publishing. 18 July 2000. p. 108. ISBN 978-92-64-18217-2.
- ^ a b Weidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek.
- ^ "Supervisory Board". European Central Bank. Retrieved 21 November 2025.
- ^ "List of ESRB Members and National Macroprudential Authorities". European Systemic Risk Board. 21 November 2025.
- ^ "The Banque centrale du Luxembourg" (PDF). bcl.lu (in French). Retrieved 11 April 2024.
- ^ "Who wants to be boss of BCL?". 11 December 2017.
- ^ "Banque centrale du Luxembourg - Cérémonie organisée à l'occasion des nominations de Monsieur Yves Mersch au Directoire de la Banque centrale européenne et de Monsieur Gaston Reinesch à la Banque centrale du Luxembourg". www.bcl.lu. Retrieved 16 October 2022.
- Ernest Mühlen, Monnaie et circuits financiers au Grand-Duché de Luxembourg, Université Internationale de Sciences Comparées, Luxembourg, 1968.
- Roger Croisé, René Link, La législation monétaire au Grand-Duché de Luxembourg de 1815 à nos jours, Edition Lux-Numis, Luxembourg,1988, 639 p.
External links
Wikimedia Commons has media related to Banque centrale du Luxembourg.
- (in French and English) Official site of Banque centrale du Luxembourg
- European Central Bank