Bank of Italy

The Banque of Italy (in Italian Banca d' Italia but often in the press Bankitalia ) is the Central bank Italy, whose seat is with Rome, in the Koch palate.

Created by a law of the August 10th 1893 (n° 449) which authorized the fusion of the Banca nazionale nel Regno with the Banca nazionale toscana and the Banca toscana di credito per industry E it commercio of Italia , in order to constitute a new establishment of emission. The Banco di Napoli and the Banco di Sicilia preserved faculty then to issue tickets. In 1926, it becomes the single central bank for the Italian territory, with a capacity of vigilance on the other banks.

Like the other banks of the Euro area, it lost many capacities since the introduction of the single currency, the Euro in 1999.

The governors of the Bank of Italy were since 1928:

1928 - 1930 Bonaldo Stringher
1931 - 1944 Vincenzo Azzolini
1945 - 1948 Luigi Einaudi (January 5th 1945 - May 11th 1948)
1948 - 1960 Donato Menichella
1960 - 1975 Guido Carli
1975 - 1979 Paolo Baffi
1979 - 1993 Carlo Azeglio Ciampi
1993 - 2005 Antonio Fazio
2006 - Mario Draghi (named for six years under the terms of the law on the promulgated saving on December 28th, 2005, following the scandal of the Banca popolare italiana).

Mario Draghi is the ninth governor of the Central bank, the first having been Stringher named in 1928. Although Banca d' Italia was founded in 1893, the load of governor was created only in 1928. Previously, the functions of the current governor were filled by the managing director (functions which remained by changing attributions). From 1893 to 1894, the Bank had been directed by Giacomo Grillo, then by Giuseppe Marchiori (1894-1900), finally by Stringher (1900-1928).

External bond

Official site

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