ECB's duty is to keep value of euro stable: Lagarde

FILE PHOTO: European Central Bank (ECB) President Christine Lagarde attends the 29th Frankfurt European Banking Congress (EBC) at the Old Opera house in Frankfurt, Germany November 22, 2019. REUTERS/Ralph Orlowski - Copyright RALPH ORLOWSKI(Reuters)

By Reuters

Published on 27/11/2019 - 13:34•Updated 11/05/2024 - 02:54

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FRANKFURT (Reuters) - It is the European Central Bank's duty to keep the value of the euro stable and make it a safe means of payment, the ECB's new President Christine Lagarde said on Wednesday.

"So it’s now our duty to nurture and sustain this trust – by ensuring that banknotes are secure, payments systems are robust, and the value of the euro is stable," Lagarde said before signing her first euro banknotes at an official ceremony.