Tasks of the Bank of Greece

Banknotes and coins are used on a daily basis by almost everyone. Their value derives from a shared trust that they can be used as a medium of exchange, as a unit of account, and as a store of value. This value reflects the credibility of the issuing central bank.

The Bank of Greece issues euro banknotes, which have the status of legal tender. It supplies commercial banks with euro banknotes and coins, enabling them to respond to customer demand. The Bank of Greece also exchanges damaged banknotes for new ones and withdraws them from circulation.

The Bank contributes significantly to the prevention of counterfeiting by raising public awareness of the security features of euro banknotes and coins. The Bank of Greece Banknote Printing Works (the National Mint) produces euro banknotes and coins, and prints security documents such as passports, lottery tickets, etc.

Click here for the tasks of the Cash Department and the Bank of Greece Banknote Printing Works.