The euro has proven to be a stable currency. The Bundesbank, together with the other central banks in the euro area, makes sure of this. But why is a stable currency so important? The Bundesbank has created an animated film to illustrate why it is important that prices do not rise or fall sharply overall and which role the central bank plays in safeguarding price stability.

Note: Croatia joined the euro area on 1 January 2023. Since then, the euro area has comprised 20 countries.