ECB reallocates subscribed capital after Brexit

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The European Central Bank will maintain its subscribed capital at €10.8 billion ($11.9 billion) following Brexit, the ECB said on January 30, but contributions will be reallocated.

The Bank of England’s departure from the European System of Central Banks means the contribution of eurozone central banks will increase by €1.2 billion in order to make up for the BoE’s 14.3% share, or capital key. The 19 eurozone central banks will pay up their increased subscriptions in full, across two annual

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