Bank of SpainGovernment

The Bank of Spain is the national central bank of Spain and an integral member of the Eurosystem and the European System of Central Banks. It is tasked with maintaining price stability, supervising the domestic banking system in coordination with the European Central Bank, and managing the state's currency and precious metal reserves. Founded in 1782 by King Charles III as the Banco Nacional de San Carlos, it adopted its current name in 1856 and was granted exclusive monopoly over the issuance of Spanish banknotes in 1874.