Seat of the European Central Bank Seat of the European Central Bank The seat of the European Central Bank (ECB) is in Ostend (East End), Frankfurt. The premises include the former Wholesale Market Hall ("Großmarkthalle"), a new 185/165 m twin-skyscraper and a new low-rise building to connect the two. East of the city centre, it houses the new headquarters for the European Central Bank (ECB). It was completed in 2014 and was officially opened on 18 March 2015. The ECB is required by the Treaties of the European Union to have its seat within the city limits of Frankfurt, the largest financial centre in the Eurozone.
History of the European Union include nearly all others by the end of 1996. The 1990s also saw the further development of the euro. 1 January 1994 saw the second stage of the Economic and Monetary Union of the European Union begin with the establishment of the European Monetary Institute and at the start of 1999 the euro as a currency was launched and the European Central Bank was established. On 1 January 2002, notes and coins were put into circulation, replacing the old currencies entirely. During the 1990s, the conflicts in the Balkans gave impetus to developing the EU's Common Foreign and Security Policy