Belgium is one of the major banking and financial centers of the European Union. Since 1999, Belgium and 10 other countries – EU members have begun the transition to the third phase of construction of the Economic and Monetary Union (EMU) in the EU.
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The National Bank of Belgium (Nationale Bank van België, Banque nationale de Belgique, or Belgische Nationalbank) is Belgium’s central bank. The Bank was founded on May 5th, 1850 as a corporation.