thumb|260px|Seat of the European Central Bank in Frankfurt, Germany The euro is managed and administered by the European Central Bank and the Eurosystem, composed of the central banks of the eurozone countries. As an independent central bank, the ECB has sole authority to set monetary policy. The Eurosystem participates in the printing, minting and distribution of euro banknotes and coins in all member states, and the operation of the eurozone payment systems.
thumb|260px|Seat of the European Central Bank in Frankfurt Germany The euro is managed and administered by the European Central Bank and the Eurosystem composed of the central banks of the eurozone countries As an independent central bank the ECB has sole authority to set monetary policy The Eurosystem participates in the printing minting and distribution of euro banknotes and coins in all member states and the operation of the eurozone payment systems