Accordingly, the concept “Eurosystem” refers to the ECB and the 12 national central banks of the Member States which have adopted the euro presently. The national central banks of the Member States which do not participate in the euro area, that is, the United Kingdom, Denmark, Sweden and the 10 new Member States, however, are members of the ESCB with a special status.
On behalf of the men and women of the Bangko Sentral ng Pilipinas, I welcome all of you to our head office for the inaugural CES CIRCLE Forum.