Deposit insurance Finland
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The Bank of
Finland acts as Finland's central bank, national monetary
authority and member of the European System of central banks
and the Eurosystem.
The Eurosystem covers the European Central Bank and the euro
area central banks. It administers the world's second
largest currency, the euro. There are over 300 million
people living in the euro area and from the beginning of
2011 the area covers 17 countries. Therefore, the Bank of
Finland's strategies are related to both domestic and
Eurosystem objectives.
The main objective of the Eurosystem and Bank of Finland
alike is price stability, which means maintaining a moderate
rise in consumer prices. Price stability creates the
prerequisites for a sound economy. In order to meet this
objective, the Bank of Finland participates in the
preparation and decision-making process of the Eurosystem's
monetary policy as well as implementing the policy in
Finland. A broad research base provides a solid background
to the Bank's expertise in these tasks.
In addition to monetary policy and research, the Bank of
Finland has three other core functions: financial markets
and statistics, banking operations and the maintenance of
currency supply. There are approximately 460 persons working
at the Bank of Finland and an additional 210 in association
with it at the Financial Supervisory Authority (FIN-FSA).
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