The ECB and the national central banks of the Eurosystem are responsible for the euro and provide currency in two forms: they issue banknotes and they transfer electronic deposits to banks and other financial institutions.
Growing digitalisation has spread to every corner of our lives and transformed how we pay.
A digital euro would be an electronic form of central bank money accessible to all citizens and firms – like banknotes, but in a digital form – to make their daily payments in a fast, easy and secure way. It would complement cash, not replace it. The Eurosystem will continue to issue cash in any case.
This section shows the progress of the Eurosystem's work on the digital euro