The Bank of Italy is the central bank of Italy, responsible for managing the country's monetary policy and ensuring financial stability. Established in 1893, it plays a crucial role in the European financial system as a member of the European System of Central Banks. The bank oversees the issuance of the euro in Italy and regulates the banking sector. It also conducts research on economic trends and provides financial services to the government and other institutions. The Bank of Italy aims to promote a stable and efficient financial environment for the Italian economy.