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Germany's central bank, headquartered in Frankfurt, is independent of the government.
The Bundesbank - jointly with the ECB - issues Euro notes, acts as clearing house and bank supervisor and manages currency reserves. Unlike the US Federal Reserve, for example, it is not officially responsible for maintaining the stability of the financial system and is not a lender of last resort. Jens Weidmann is the current Bundesbank president, he took office in 2011, becoming the youngest person ever to take up the job. This is a collection of DW's latest content concerning the Bundesbank.
The ECB's longest-serving council member and chief of the Bundesbank has remained skeptical of asset purchases and sustained ultra-low interest rates. His exit comes amid heated debate about the future of ECB policies.