The Bank of Spain is the central bank of Spain, responsible for overseeing the country's monetary policy and financial stability. Established in 1782, it plays a crucial role in managing the euro currency and implementing policies set by the European Central Bank. In addition to monetary policy, the Bank of Spain supervises financial institutions and ensures the stability of the banking system. It also provides economic research and statistics, contributing to informed decision-making in the financial sector and supporting the overall economy of Spain.