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href="/mopo/implement/app/html/index.mt.html">Programmi ta' xiri tal-assi</a><a href="#" class="subpages" title="toggle subpages for Programmi ta' xiri tal-assi"></a><ul><li class="clearfix"><a href="/mopo/implement/app/lending/html/index.mt.html">Self ta' titoli</a></li></ul></li><li class="clearfix"><a href="/mopo/implement/pepp/html/index.mt.html">Programm ta' xiri ta' emerġenza tal-pandemija</a></li><li class="clearfix"><a href="/mopo/implement/sf/html/index.mt.html">Faċilitajiet permanenti</a></li><li class="has-subpages"><a href="/mopo/implement/mr/html/index.mt.html">Riżervi minimi</a><a href="#" class="subpages" title="toggle subpages for Riżervi minimi"></a><ul><li class="clearfix"><a href="/mopo/implement/mr/two-tier/html/index.mt.html">Sistema ta' żewġ saffi</a></li></ul></li></ul></li><li class="has-subpages"><a href="/mopo/international-market-operations/html/index.mt.html">Operazzjonijiet tas-suq internazzjonali (International market operations)</a><a href="#" class="subpages" title="toggle subpages for Operazzjonijiet tas-suq internazzjonali (International market operations)"></a><ul><li class="clearfix"><a href="/mopo/international-market-operations/liquidity_lines/html/index.mt.html">Linji ta' likwidità tal-bank ċentrali</a></li></ul></li><li class="clearfix"><a href="/mopo/ela/html/index.mt.html">Assistenza tal-likwidità ta' emerġenza (ELA) u l-politika monetarja</a></li><li class="clearfix"><a href="/mopo/liq/html/index.mt.html">Analiżi tal-likwidità</a></li><li class="has-subpages"><a href="/mopo/coll/html/index.mt.html">Garanziji (Kollateral)</a><a href="#" class="subpages" title="toggle subpages for Garanziji (Kollateral)"></a><ul><li class="has-subpages"><a href="/mopo/coll/standards/html/index.mt.html">Kriterji u valutazzjoni tal-eliġibbiltà</a><a href="#" class="subpages" title="toggle subpages for Kriterji u valutazzjoni tal-eliġibbiltà"></a><ul><li class="clearfix"><a href="/mopo/coll/standards/marketable/html/index.mt.html">Assi negozjabbli</a></li><li class="clearfix"><a href="/mopo/coll/standards/nonmarketable/html/index.mt.html">Assi mhux negozjabbli</a></li></ul></li><li class="has-subpages"><a href="/mopo/coll/assets/html/index.mt.html">Lista ta' assi negozjabbli eliġibbli</a><a href="#" class="subpages" title="toggle subpages for Lista ta' assi negozjabbli eliġibbli"></a><ul><li class="clearfix"><a href="/mopo/coll/assets/guide/html/index.mt.html">Gwida għall-utent</a></li></ul></li><li class="has-subpages"><a href="/mopo/coll/coll/html/index.mt.html">Mobilizzazzjoni ta' garanziji</a><a href="#" class="subpages" title="toggle subpages for Mobilizzazzjoni ta' garanziji"></a><ul><li class="clearfix"><a href="/mopo/coll/coll/ccbm/html/index.mt.html">CCBM</a></li><li class="clearfix"><a href="/mopo/coll/coll/eligiblesss/html/index.mt.html">SSSs Eliġibbli</a></li><li class="clearfix"><a href="/mopo/coll/coll/ssslinks/html/index.mt.html">Links eliġibbli</a></li><li class="clearfix"><a href="/mopo/coll/coll/triparty/html/index.mt.html">Aġenti tripartiti eliġibbli</a></li></ul></li><li class="has-subpages"><a href="/mopo/coll/risk/html/index.mt.html">Mitigazzjoni tar-riskji</a><a href="#" class="subpages" title="toggle subpages for Mitigazzjoni tar-riskji"></a><ul><li class="clearfix"><a href="/mopo/coll/risk/ecaf/html/index.mt.html">ECAF</a></li><li class="clearfix"><a href="/mopo/coll/risk/riskcontrol/html/index.mt.html">Kontroll tar-riskji</a></li><li class="clearfix"><a href="/mopo/coll/risk/liquidity/html/index.mt.html">Kategoriji ta' likwidità</a></li><li class="clearfix"><a href="/mopo/coll/risk/valuation/html/index.mt.html">Valutazzjoni</a></li></ul></li><li class="has-subpages"><a href="/mopo/coll/loanlevel/html/index.mt.html">Inizjattiva dwar livell ta' self</a><a href="#" class="subpages" title="toggle subpages for Inizjattiva dwar livell ta' self"></a><ul><li class="clearfix"><a href="/mopo/coll/loanlevel/transmission/html/index.mt.html">Trażmissjoni ta' dejta</a></li><li class="clearfix"><a href="/mopo/coll/loanlevel/implementation/html/index.mt.html">Rekwiżiti ta' eliġibilità</a></li><li class="clearfix"><a href="/mopo/coll/loanlevel/faq/html/index.mt.html">Mistoqsijiet komuni</a></li></ul></li><li class="clearfix"><a href="/mopo/coll/contacts/html/index.mt.html">Kuntatti</a></li></ul></li><li class="has-subpages"><a href="/mopo/eaec/html/index.mt.html">Struttura tal-ekonomija taż-żona tal-euro</a><a href="#" class="subpages" title="toggle subpages for Struttura tal-ekonomija taż-żona tal-euro"></a><ul><li class="clearfix"><a href="/mopo/eaec/ecopolicy/html/index.mt.html">Politika ekonomika</a></li><li class="clearfix"><a href="/mopo/eaec/fiscal/html/index.mt.html">Politika fiskali</a></li><li class="clearfix"><a href="/mopo/eaec/trade/html/index.mt.html">Kummerċ estern</a></li><li class="clearfix"><a href="/mopo/eaec/eer/html/index.mt.html">Rati tal-iskambju effettivi</a></li><li class="clearfix"><a href="/mopo/eaec/structure/html/index.mt.html">Struttura finanzjarja</a></li><li class="clearfix"><a href="/mopo/eaec/markets/html/index.mt.html">Swieq finanzjarji</a></li><li class="clearfix"><a href="/mopo/eaec/intermediaries/html/index.mt.html">Intermedjarji finanzjarji</a></li><li class="clearfix"><a href="/mopo/eaec/diversity/html/index.mt.html">Diversità ekonomika</a></li><li class="clearfix"><a href="/mopo/eaec/labour/html/index.mt.html">Suq tax-xogħol</a></li></ul></li><li class="has-subpages"><a href="/mopo/market-contact-groups/html/index.mt.html">Gruppi ta' kuntatt tas-suq (Market contact groups)</a><a href="#" class="subpages" title="toggle subpages for Gruppi ta' kuntatt tas-suq (Market contact groups)"></a><ul><li class="clearfix"><a href="/mopo/market-contact-groups/bmcg/html/index.mt.html">Swieq tal-Bonds (BMCG)</a></li><li class="clearfix"><a href="/mopo/market-contact-groups/mmcg/html/index.mt.html">Suq monetarju (MMCG)</a></li><li class="clearfix"><a href="/mopo/market-contact-groups/dimcg/html/index.mt.html">Debt Issuance Market Contact Group (DIMCG)</a></li><li class="clearfix"><a href="/mopo/market-contact-groups/omg/html/index.mt.html">Grupp ta' Maniġers tal-operazzjonijiet tal-BĊE (BĊE OMG)</a></li><li class="clearfix"><a href="/mopo/market-contact-groups/fxcg/html/index.mt.html">Kambju barrani (FXCG)</a></li><li class="clearfix"><a href="/mopo/market-contact-groups/iid/html/index.mt.html">Djalogu tal-Investituri Istituzzjonali (IID)</a></li></ul></li></ul></div></li><li class="has-subpages" aria-expanded="false"><a href="/paym/html/index.mt.html">Ħlasijiet u stabbiltà finanzjarja</a><a href="#" class="subpages" title="toggle subpages for Ħlasijiet u stabbiltà finanzjarja"></a><div class="nav-first-level-wrap"><div class="nav-featured-wrap"><div class="nav-featured"><div class="item"> <div class="title">Pagamenti u stabbiltà finanzjarja</div> <p>Intuwiti f’xogħolna dwar l-istabbiltà finanzjarja u l-infrastruttura tal-pagamenti</p><a href="/paym/html/index.en.html">Ħarsa ġenerali lejn il-pagamenti u l-istabbiltà finanzjarja</a><hr> <div class="nav-title">Links malajr</div> <ul> <li><a href="/euro/digital_euro/html/index.en.html">Euro diġitali</a></li> <li><a href="/press/intro/html/index.en.html">Aħbarijiet dwar il-pagamenti</a></li> <li><a href="/paym/target/target-professional-use-documents-links/html/index.en.html">Dokumenti u links dwar l-użu professjonali ta’ TARGET</a></li> </ul> </div><a href="/pub/financial-stability/fsr/html/index.en.html" class="item image"> <img src="/paym/financial-stability/html/index/fsr_1000x750.jpg" width="357" height="179" loading="lazy" style="object-fit:cover"><div class="image-caption">L-Aktar Rieżami Reċenti Dwar l-Istabbiltà Finanzjarja</div> <div class="image-date">16 ta' Mejju 2024</div></a></div></div><ul><li class="clearfix"><span>Ħlasijiet</span></li><li class="has-subpages"><a href="/paym/target/html/index.mt.html">Servizzi TARGET</a><a href="#" class="subpages" title="toggle subpages for Servizzi TARGET"></a><ul><li class="clearfix"><a href="/paym/target/coco/html/index.mt.html">Karatteristiċi kondiviżi</a></li><li class="has-subpages"><a href="/paym/target/t2/html/index.mt.html">T2</a><a href="#" class="subpages" title="toggle subpages for T2"></a><ul><li class="clearfix"><a href="/paym/target/t2/facts/html/index.mt.html">Facts and figures</a></li><li class="clearfix"><a href="/paym/target/t2/governance/html/index.mt.html">Governanza (Governance)</a></li></ul></li><li class="has-subpages"><a href="/paym/target/t2s/html/index.mt.html">T2S</a><a href="#" class="subpages" title="toggle subpages for T2S"></a><ul><li class="clearfix"><a href="/paym/target/t2s/governance/html/index.mt.html">Governanza</a></li><li class="clearfix"><a href="/paym/target/t2s/facts/html/index.mt.html">Fatti u figuri</a></li><li class="clearfix"><a href="/paym/target/t2s/pricing/html/index.mt.html">Ipprezzar</a></li></ul></li><li class="has-subpages"><a href="/paym/target/tips/html/index.mt.html">TIPS</a><a href="#" class="subpages" title="toggle subpages for TIPS"></a><ul><li class="clearfix"><a href="/paym/target/tips/governance/html/index.mt.html">Governanza</a></li><li class="clearfix"><a href="/paym/target/tips/facts/html/index.mt.html">Fatti u figuri</a></li><li class="clearfix"><a href="/paym/target/tips/onboarding/html/index.mt.html">Onboarding</a></li></ul></li><li class="clearfix"><a href="/paym/target/ecms/html/index.mt.html">ECMS</a></li><li class="has-subpages"><a href="/paym/target/target-professional-use-documents-links/html/index.mt.html">Dokumenti u links ta' użu professjonali ta' TARGET (TARGET professional use documents & links)</a><a href="#" class="subpages" title="toggle subpages for Dokumenti u links ta' użu professjonali ta' TARGET (TARGET professional use documents & links)"></a><ul><li class="clearfix"><a href="/paym/target/target-professional-use-documents-links/coco/html/index.mt.html">Għal użu professjonali</a></li><li class="clearfix"><a href="/paym/target/target-professional-use-documents-links/t2/html/index.mt.html">Dokumenti u links ta' T2 (T2 documents & links)</a></li><li class="clearfix"><a href="/paym/target/target-professional-use-documents-links/t2s/html/index.mt.html">Għall-użu professjonali</a></li><li class="clearfix"><a href="/paym/target/target-professional-use-documents-links/tips/html/index.mt.html">Għall-użu professjonali</a></li><li class="clearfix"><a href="/paym/target/target-professional-use-documents-links/ecms/html/index.mt.html">Għall-użu professjonali</a></li></ul></li></ul></li><li class="has-subpages"><a href="/paym/integration/html/index.mt.html">Integrazzjoni u innovazzjoni (Integration and innovation)</a><a href="#" class="subpages" title="toggle subpages for Integrazzjoni u innovazzjoni (Integration and innovation)"></a><ul><li class="has-subpages"><a href="/paym/integration/distributed/html/index.mt.html">Teknoloġiji ta' ledger distribwiti (Distributed ledger technologies)</a><a href="#" class="subpages" title="toggle subpages for Teknoloġiji ta' ledger distribwiti (Distributed ledger technologies)"></a><ul><li class="clearfix"><a href="/paym/integration/distributed/exploratory/html/index.mt.html">Xogħol esploratorju (Exploratory work)</a></li></ul></li><li class="has-subpages"><a href="/paym/integration/retail/html/index.mt.html">Ħlasijiet bl-imnut</a><a href="#" class="subpages" title="toggle subpages for Ħlasijiet bl-imnut"></a><ul><li class="clearfix"><a href="/paym/integration/retail/retail_payments_strategy/html/index.mt.html">Retail payments strategy</a></li><li class="clearfix"><a href="/paym/integration/retail/ecb/html/index.mt.html">Il-BĊE bħala katalist</a></li><li class="clearfix"><a href="/paym/integration/retail/sepa/html/index.mt.html">SEPA</a></li><li class="clearfix"><a href="/paym/integration/retail/instant_payments/html/index.mt.html">Ħlasijiet istantanji</a></li></ul></li><li class="has-subpages"><a href="/paym/integration/collateral/html/index.mt.html">Armonizzazzjoni tal-ġestjoni tal-kollateral</a><a href="#" class="subpages" title="toggle subpages for Armonizzazzjoni tal-ġestjoni tal-kollateral"></a><ul><li class="clearfix"><a href="/paym/integration/collateral/implementation/html/index.mt.html">Implementation</a></li><li class="clearfix"><a href="/paym/integration/collateral/faq/html/index.mt.html">FAQ</a></li></ul></li></ul></li><li class="has-subpages"><a href="/paym/cyber-resilience/html/index.mt.html">Ċiber-reżiljenza</a><a href="#" class="subpages" title="toggle subpages for Ċiber-reżiljenza"></a><ul><li class="clearfix"><a href="/paym/cyber-resilience/fmi/html/index.mt.html">Infrastrutturi tas-swieq finanzjarji</a></li><li class="clearfix"><a href="/paym/cyber-resilience/tiber-eu/html/index.mt.html">TIBER-EU</a></li></ul></li><li class="has-subpages"><a href="/paym/pol/html/index.mt.html">Sorveljanza</a><a href="#" class="subpages" title="toggle subpages for Sorveljanza"></a><ul><li class="clearfix"><a href="/paym/pol/systems/html/index.mt.html">Sistemi ta' ħlas</a></li><li class="clearfix"><a href="/paym/pol/target2-securities/html/index.mt.html">Titoli TARGET2</a></li><li class="clearfix"><a href="/paym/pol/instr/html/index.mt.html">Ħlasijiet elettroniċi</a></li><li class="clearfix"><a href="/paym/pol/clearing/html/index.mt.html">Sistemi ta' saldu ta' titoli u kontropartijiet ċentrali</a></li><li class="clearfix"><a href="/paym/pol/critical/html/index.mt.html">Fornituri ta' servizzi kritiċi</a></li><li class="clearfix"><a href="/paym/pol/correspondent-and-custodian-banks/html/index.mt.html">Banek korrispondenti u kustodji</a></li><li class="clearfix"><a href="/paym/pol/forum/html/index.mt.html">Forum SecuRe Pay</a></li></ul></li><li class="has-subpages"><a href="/paym/erms/html/index.mt.html">Servizzi tal-ġestjoni tar-riżervi</a><a href="#" class="subpages" title="toggle subpages for Servizzi tal-ġestjoni tar-riżervi"></a><ul><li class="clearfix"><a href="/paym/erms/aspects/html/index.mt.html">Aspetti ewlenin</a></li><li class="clearfix"><a href="/paym/erms/service/html/index.mt.html">Firxa ta' servizzi</a></li></ul></li><li class="has-subpages"><a href="/paym/cashprof/html/index.mt.html">Kaxxiera professjonali</a><a href="#" class="subpages" title="toggle subpages for Kaxxiera professjonali"></a><ul><li class="has-subpages"><a href="/paym/cashprof/cashhand/html/index.mt.html">Ipproċessar tal-flus</a><a href="#" class="subpages" title="toggle subpages for Ipproċessar tal-flus"></a><ul><li class="clearfix"><a href="/paym/cashprof/cashhand/devices/html/index.mt.html">Tagħmir għall-awtentikazzjoni</a></li><li class="clearfix"><a href="/paym/cashprof/cashhand/recycling/html/index.mt.html">Riċirkolazzjoni tal-karti tal-flus</a></li></ul></li><li class="clearfix"><a href="/paym/cashprof/cdispec/html/index.mt.html">Speċifikazzjonijiet tal-Common Detector Interface</a></li><li class="clearfix"><a href="/paym/cashprof/accreditation/html/index.mt.html">Akkreditazzjoni tal-manifatturi tal-karti tal-flus</a></li></ul></li><li class="has-subpages"><a href="/paym/groups/html/index.mt.html">Gruppi ta' kuntatt fis-swieq</a><a href="#" class="subpages" title="toggle subpages for Gruppi ta' kuntatt fis-swieq"></a><ul><li class="clearfix"><a href="/paym/groups/ami/html/index.mt.html">Gruppi ta' konsulenti dwar l-infrastrutturi tas-suq (Advisory groups on market infrastructures)</a></li><li class="clearfix"><a href="/paym/groups/euro-cyber-board/html/index.mt.html">Bord ta' Ċiber-Reżiljenza tal-Euro</a></li><li class="clearfix"><a href="/paym/groups/erpb/html/index.mt.html">Bord tal-Ħlasijiet bl-Imnut tal-Euro (ERPB)</a></li><li class="clearfix"><a href="/paym/groups/efip/html/index.mt.html">Forum Ewropew għall-Innovazzjoni fil-Ħlasijiet (EFIP)</a></li></ul></li><li class="clearfix"><span>Stabbiltà finanzjarja</span></li><li class="clearfix"><a href="/paym/financial-stability/html/index.mt.html">Stabbiltà Finanzjarja</a></li><li class="clearfix"><a href="/paym/macroprudential-measures/html/index.mt.html">Miżuri Makroprudenzjali</a></li><li class="clearfix"><a href="/paym/financial_stability_contact_groups/html/index.mt.html">Gruppi ta' kuntatt dwar l-istabbiltà finanzjarja</a></li></ul></div></li><li class="has-subpages" aria-expanded="false"><a href="/stats/html/index.mt.html">Statistika</a><a href="#" class="subpages" title="toggle subpages for Statistika"></a><div class="nav-first-level-wrap"><div class="nav-featured-wrap"><div class="nav-featured"><div class="item"> <div class="title">Statistika</div> <p>Aċċess għall-istatistika tal-BĊE u għall-informazzjoni ta’ sfond kollha</p><a href="/stats/html/index.en.html">Ħarsa ġenerali lejn l-istatistika tal- BĊE</a><hr> <div class="nav-title">Links malajr</div> <ul> <li><a href="https://data.ecb.europa.eu/main-figures">Ċifri ewlenin</a></li> <li><a href="https://data.ecb.europa.eu/">Portal tad-<i>Data</i> tal-BĊE</a></li> <li><a href="/stats/ecb_statistics/accessing-our-data/html/index.en.html">Is-servizzi kollha tad-<i>data</i></a></li> </ul> </div><a href="/press/blog/date/2024/html/ecb.blog20240418~2240ea1850.en.html" class="item image"> <img src="/press/blog/date/2024/html//ecb.blog20240418~2240ea1850/ecb.blog20240418~2240ea1850.jpg" width="357" height="179" loading="lazy" style="object-fit:cover"><div class="image-caption">IL-BLOG TAL-BĊE - <i>Data</i> mtejba: kif it-tibdil fil-klima jolqot lill-banek</div> <div class="image-date">18 ta' April 2024</div></a></div></div><ul><li class="clearfix"><span>Aċċessata ta' spiss</span></li><li class="clearfix"><a href="/stats/euro-exchange-rates/html/index.mt.html">Rati tal-kambju tal-Euro (Euro exchange rates)</a></li><li class="clearfix"><a href="/stats/key-ecb-interest-rates/html/index.mt.html">Rati tal-imgħax tal-BĊE ewlenin (Key ECB interest rates)</a></li><li class="has-subpages"><a href="/stats/euro-short-term-rates/html/index.mt.html">Rata fuq perjodu ta' żmien qasir tal-euro (€STR) (Euro short-term rate (€STR))</a><a href="#" class="subpages" title="toggle subpages for Rata fuq perjodu ta' żmien qasir tal-euro (€STR) (Euro short-term rate (€STR))"></a><ul><li class="has-subpages"><a href="/stats/euro-short-term-rates/interest_rate_benchmarks/html/index.mt.html">Punti ta' riferiment tal-imgħax</a><a href="#" class="subpages" title="toggle subpages for Punti ta' riferiment tal-imgħax"></a><ul><li class="clearfix"><a href="/stats/euro-short-term-rates/interest_rate_benchmarks/WG_euro_risk-free_rates/html/index.mt.html">Grupp ta' ħidma fuq rati mingħajr riskju tal-euro</a></li></ul></li></ul></li><li class="clearfix"><a href="/stats/inflation/html/index.mt.html">Inflazzjoni (Inflation)</a></li><li class="clearfix"><a href="/stats/euro-area-yield-curves/html/index.mt.html">Kurvi ta' redditu taż-żona tal-euro (Euro area yield curves)</a></li><li class="clearfix"><span>L-istatistika kollha u l-isfond</span></li><li class="clearfix"><a href="/stats/all-key-statistics/html/index.mt.html">L-istatistika ewlenija kollha (All key statistics)</a></li><li class="clearfix"><a href="/stats/accessing-our-data/html/index.mt.html">Naċċessaw id-data tagħna</a></li><li class="has-subpages"><a href="/stats/ecb_statistics/html/index.mt.html">Karatteristiċi ewlenin</a><a href="#" class="subpages" title="toggle subpages for Karatteristiċi ewlenin"></a><ul><li class="clearfix"><a href="/stats/ecb_statistics/governance_and_quality_framework/html/index.mt.html">Qafas ta' governanza u kwalità</a></li><li class="clearfix"><a href="/stats/ecb_statistics/co-operation_and_standards/html/index.mt.html">Kooperazzjoni u standards</a></li><li class="clearfix"><a href="/stats/ecb_statistics/reporting/html/index.mt.html">Rappurtar tad-data tal-banek</a></li><li class="has-subpages"><a href="/stats/ecb_statistics/anacredit/html/index.mt.html">AnaCredit</a><a href="#" class="subpages" title="toggle subpages for AnaCredit"></a><ul><li class="clearfix"><a href="/stats/ecb_statistics/anacredit/questions/html/index.mt.html">AnaCredit Q&A</a></li></ul></li><li class="clearfix"><a href="/stats/ecb_statistics/consultations/html/index.mt.html">Konsultazzjonijiet pubbliċi</a></li><li class="clearfix"><a href="/stats/ecb_statistics/dialogue/html/index.mt.html">Djalogu tal-Industrija Bankarja fuq l-Istatistika tas-SEBĊ u rapportar integrat</a></li><li class="clearfix"><a href="/stats/ecb_statistics/sdmx/html/index.mt.html">SDMX – mudell ta' skambju ta' data statistika</a></li><li class="clearfix"><a href="/stats/ecb_statistics/inexda/html/index.mt.html">INEXDA: network tad-data granulari</a></li></ul></li></ul></div></li><li class="has-subpages" aria-expanded="false"><a href="/euro/html/index.mt.html">L-euro</a><a href="#" class="subpages" title="toggle subpages for L-euro"></a><div class="nav-first-level-wrap"><div class="nav-featured-wrap"><div class="nav-featured"><div class="item"> <div class="title">L-euro</div> <p>Kulma għandek bżonn tkun taf dwar il-valuta komuni tagħna</p><a href="/euro/html/index.en.html">Ħarsa ġenerali lejn l-euro</a><hr> <div class="nav-title">Links ta’ malajr</div> <ul> <li><a href="/paym/cashprof/html/index.en.html">Kaxxiera professjonali</a></li> <li><a href="/stats/policy_and_exchange_rates/banknotes+coins/html/index.en.html">Statistika dwar il-karti tal-flus u l-muniti</a></li> <li><a href="/stats/policy_and_exchange_rates/euro_reference_exchange_rates/html/index.en.html">Rati tal-kambju tal-euro</a></li> </ul> </div><a href="/euro/digital_euro/progress/html/index.en.html" class="item image"> <img src="/euro/digital_euro/shared/img/Digital Euro_Website_Homepage-Box-eurosign_1000x750.jpg" width="357" height="179" loading="lazy" style="object-fit:cover"><div class="image-caption">L-ewwel rapport dwar il-progress dwar il-fażi ta’ preparazzjoni ta’ euro diġitali</div> <div class="image-date">24 ta’ Ġunju 2024</div></a></div></div><ul><li class="has-subpages"><a href="/euro/digital_euro/html/index.mt.html">Euro diġitali - Governanza</a><a href="#" class="subpages" title="toggle subpages for Euro diġitali - Governanza"></a><ul><li class="has-subpages"><a href="/euro/digital_euro/features/html/index.mt.html">Karatteristiċi</a><a href="#" class="subpages" title="toggle subpages for Karatteristiċi"></a><ul><li class="clearfix"><a href="/euro/digital_euro/features/privacy/html/index.mt.html">Digital euro and privacy</a></li></ul></li><li class="clearfix"><a href="/euro/digital_euro/how-it-works/html/index.mt.html">Kif jaħdem</a></li><li class="clearfix"><a href="/euro/digital_euro/why-we-need-it/html/index.mt.html">Għaliex għandna bżonnha</a></li><li class="clearfix"><a href="/euro/digital_euro/progress/html/index.mt.html">Timeline and progress</a></li><li class="has-subpages"><a href="/euro/digital_euro/timeline/html/index.mt.html">Skeda tal-proġett</a><a href="#" class="subpages" title="toggle subpages for Skeda tal-proġett"></a><ul><li class="clearfix"><a href="/euro/digital_euro/timeline/stakeholder/html/index.mt.html">Impenn tal-parteċipanti</a></li><li class="clearfix"><a href="/euro/digital_euro/timeline/profuse/html/index.mt.html">Għal użu professjonali (For professional use)</a></li><li class="clearfix"><a href="/euro/digital_euro/timeline/rulebook/html/index.mt.html">Scheme rulebook</a></li></ul></li><li class="clearfix"><a href="/euro/digital_euro/faqs/html/index.mt.html">Mistoqsijiet frekwenti</a></li></ul></li><li class="clearfix"><span>Flus kontanti</span></li><li class="has-subpages"><a href="/euro/cash_strategy/html/index.mt.html">L-istrateġija għall-flus kontanti tal-Eurosistema</a><a href="#" class="subpages" title="toggle subpages for L-istrateġija għall-flus kontanti tal-Eurosistema"></a><ul><li class="clearfix"><a href="/euro/cash_strategy/cash_role/html/index.mt.html">Ir-rwol tal-flus kontanti</a></li><li class="clearfix"><a href="/euro/cash_strategy/issuance/html/index.mt.html">Ħruġ u ċirkolazzjoni</a></li><li class="clearfix"><a href="/euro/cash_strategy/acceptance-cash/html/index.mt.html">L-aċċess għall-flus kontanti u l-aċċettazzjoni tagħhom</a></li><li class="clearfix"><a href="/euro/cash_strategy/faqs/html/index.mt.html">Mistoqsijiet frekwenti</a></li></ul></li><li class="has-subpages"><a href="/euro/banknotes/html/index.mt.html">Karti tal-flus</a><a href="#" class="subpages" title="toggle subpages for Karti tal-flus"></a><ul><li class="has-subpages"><a href="/euro/banknotes/future_banknotes/html/index.mt.html">Karti tal-flus futuri</a><a href="#" class="subpages" title="toggle subpages for Karti tal-flus futuri"></a><ul><li class="clearfix"><a href="/euro/banknotes/future_banknotes/redesign/html/index.mt.html">Proċess ta' disinn mill-ġdid</a></li></ul></li><li class="has-subpages"><a href="/euro/banknotes/current/html/index.mt.html">Karti tal-flus attwali</a><a href="#" class="subpages" title="toggle subpages for Karti tal-flus attwali"></a><ul><li class="clearfix"><a href="/euro/banknotes/current/denominations/html/index.mt.html">Denominazzjonijiet</a></li><li class="clearfix"><a href="/euro/banknotes/current/design/html/index.mt.html">Elementi tad-disinn</a></li><li class="clearfix"><a href="/euro/banknotes/current/security/html/index.mt.html">Karatteristiċi ta’ sigurtà</a></li></ul></li><li class="clearfix"><a href="/euro/banknotes/ac/html/index.mt.html">Kontra l-falsifikazzjoni</a></li><li class="clearfix"><a href="/euro/banknotes/production/html/index.mt.html">Produzzjoni u ħażniet ta' karti tal-flus</a></li><li class="clearfix"><a href="/euro/banknotes/damaged/html/index.mt.html">Karti danneġġati u mtebbgħa bil-linka</a></li><li class="has-subpages"><a href="/euro/banknotes/environmental/html/index.mt.html">Ambjent, saħħa u sigurtà</a><a href="#" class="subpages" title="toggle subpages for Ambjent, saħħa u sigurtà"></a><ul><li class="clearfix"><a href="/euro/banknotes/environmental/pef/html/index.mt.html">Impronta ambjentali tal-prodott</a></li></ul></li><li class="clearfix"><a href="/euro/banknotes/research/html/index.mt.html">Riċerka u żvilupp</a></li><li class="clearfix"><a href="/euro/banknotes/images/html/index.mt.html">Xbihat u regoli għar-riproduzzjoni</a></li><li class="clearfix"><a href="/euro/banknotes/info/html/index.mt.html">Materjal ta' informazzjoni u taħriġ</a></li></ul></li><li class="has-subpages"><a href="/euro/coins/html/index.mt.html">Muniti</a><a href="#" class="subpages" title="toggle subpages for Muniti"></a><ul><li class="clearfix"><a href="/euro/coins/2euro/html/index.mt.html">€2</a></li><li class="clearfix"><a href="/euro/coins/1euro/html/index.mt.html">€1</a></li><li class="clearfix"><a href="/euro/coins/50cents/html/index.mt.html">50 ċenteżmu</a></li><li class="clearfix"><a href="/euro/coins/20cents/html/index.mt.html">20 ċenteżmu</a></li><li class="clearfix"><a href="/euro/coins/10cents/html/index.mt.html">10 ċenteżmi</a></li><li class="clearfix"><a href="/euro/coins/5cents/html/index.mt.html">5 ċenteżmi</a></li><li class="clearfix"><a href="/euro/coins/2cents/html/index.mt.html">2 ċenteżmi</a></li><li class="clearfix"><a href="/euro/coins/1cent/html/index.mt.html">1 ċenteżmu</a></li><li class="clearfix"><a href="/euro/coins/common/html/index.mt.html">Naħat komuni</a></li><li class="clearfix"><a href="/euro/coins/comm/html/index.mt.html">Muniti kommemorattivi ta' €2</a></li><li class="clearfix"><a href="/euro/coins/security/html/index.mt.html">Karatteristiċi ta’ sigurtà</a></li><li class="clearfix"><a href="/euro/coins/collect/html/index.mt.html">Muniti għall-kollezzjonisti</a></li></ul></li><li class="has-subpages"><a href="/euro/changeover/html/index.mt.html">Bidla tal-flus</a><a href="#" class="subpages" title="toggle subpages for Bidla tal-flus"></a><ul><li class="clearfix"><a href="/euro/changeover/croatia/html/index.mt.html">Kroazja (2023)</a></li><li class="clearfix"><a href="/euro/changeover/lithuania/html/index.mt.html">Litwanja (2015)</a></li><li class="clearfix"><a href="/euro/changeover/latvia/html/index.mt.html">Latvja (2014)</a></li><li class="clearfix"><a href="/euro/changeover/estonia/html/index.mt.html">Estonja (2011)</a></li><li class="clearfix"><a href="/euro/changeover/slovakia/html/index.mt.html">Slovakkja (2009)</a></li><li class="clearfix"><a href="/euro/changeover/cyprus/html/index.mt.html">Ċipru (2008)</a></li><li class="clearfix"><a href="/euro/changeover/malta/html/index.mt.html">Malta (2008)</a></li><li class="clearfix"><a href="/euro/changeover/slovenia/html/index.mt.html">Slovenja (2007)</a></li><li class="clearfix"><a href="/euro/changeover/2002/html/index.mt.html">Bidla tal-bidu (2002)</a></li></ul></li><li class="has-subpages"><a href="/euro/exchange/html/index.mt.html">Tisrif tal-flus nazzjonali</a><a href="#" class="subpages" title="toggle subpages for Tisrif tal-flus nazzjonali"></a><ul><li class="clearfix"><a href="/euro/exchange/au/html/index.mt.html">Awstrija</a></li><li class="clearfix"><a href="/euro/exchange/be/html/index.mt.html">Belġju</a></li><li class="clearfix"><a href="/euro/exchange/hr/html/index.mt.html">Kroazja</a></li><li class="clearfix"><a href="/euro/exchange/cy/html/index.mt.html">Ċipru</a></li><li class="clearfix"><a href="/euro/exchange/et/html/index.mt.html">Estonja</a></li><li class="clearfix"><a href="/euro/exchange/fi/html/index.mt.html">Finlandja</a></li><li class="clearfix"><a href="/euro/exchange/fr/html/index.mt.html">Franza</a></li><li class="clearfix"><a href="/euro/exchange/de/html/index.mt.html">Ġermanja</a></li><li class="clearfix"><a href="/euro/exchange/gr/html/index.mt.html">Greċja</a></li><li class="clearfix"><a href="/euro/exchange/ir/html/index.mt.html">Irlanda</a></li><li class="clearfix"><a href="/euro/exchange/it/html/index.mt.html">Italja</a></li><li class="clearfix"><a href="/euro/exchange/lv/html/index.mt.html">Latvja</a></li><li class="clearfix"><a href="/euro/exchange/lt/html/index.mt.html">Litwanja</a></li><li class="clearfix"><a href="/euro/exchange/lu/html/index.mt.html">Lussemburgu</a></li><li class="clearfix"><a href="/euro/exchange/mt/html/index.mt.html">Malta</a></li><li class="clearfix"><a href="/euro/exchange/nl/html/index.mt.html">Nederlands</a></li><li class="clearfix"><a href="/euro/exchange/pt/html/index.mt.html">Portugall</a></li><li class="clearfix"><a href="/euro/exchange/slovakia/html/index.mt.html">Slovakkja</a></li><li class="clearfix"><a href="/euro/exchange/sl/html/index.mt.html">Slovenja</a></li><li class="clearfix"><a href="/euro/exchange/es/html/index.mt.html">Spanja</a></li></ul></li><li class="clearfix"><a href="/euro/visually/html/index.mt.html">Għal min hu nieqes mid-dawl</a></li></ul></div></li><li class="has-subpages -section" aria-expanded="false"><a href="/pub/html/index.mt.html">Riċerka</a><a href="#" class="subpages" title="toggle subpages for Riċerka"></a><div class="nav-first-level-wrap"><div class="nav-featured-wrap"><div class="nav-featured"><div class="item"> <div class="title">Riċerka</div> <p>Studji fil-fond u analiżijiet esperti li jkopru suġġetti u oqsma diversi</p><a href="/pub/html/index.en.html">Ħarsa ġenerali lejn ir-riċerka tal-BĊE</a> <hr> <div class="nav-title">Links malajr</div> <ul>  <li><a href="/press/conferences/html/index.en.html">Konferenzi u seminars</a></li> <li><a href="/pub/economic-research/programmes/html/index.en.html">Opportunitajiet għar-riċerkaturi</a></li> </ul> </div><a href="/press/research-publications/resbull/html/index.en.html" class="item image"> <img src="/pub/html/index/research-bulletin_2560x800.jpg" width="357" height="179" loading="lazy" style="object-fit:cover"> <div class="image-caption">Bullettin ta’ Riċerka</div> </a></div></div><ul><li class="has-subpages -section"><a href="/pub/economic-research/html/index.mt.html">Riċerka ekonomika</a><a href="#" class="subpages" title="toggle subpages for Riċerka ekonomika"></a><ul><li class="has-subpages -section"><a href="/pub/economic-research/research_agenda/html/index.mt.html">Aġenda ta' riċerka</a><a href="#" class="subpages" title="toggle subpages for Aġenda ta' riċerka"></a><ul><li class="clearfix"><a href="/pub/economic-research/research_agenda/monetary_policy/html/index.mt.html">Monetary policy, strategy and implementation</a></li><li class="clearfix"><a href="/pub/economic-research/research_agenda/fiscal_policy/html/index.mt.html">Fiscal policy and governance within EMU</a></li><li class="clearfix -current"><a href="/pub/economic-research/research_agenda/international/html/index.mt.html">International macro and finance</a></li><li class="clearfix"><a href="/pub/economic-research/research_agenda/real_sector/html/index.mt.html">Real sector and microeconomic analysis</a></li><li class="clearfix"><a href="/pub/economic-research/research_agenda/forecasting/html/index.mt.html">Forecasting and business cycle analysis</a></li><li class="clearfix"><a href="/pub/economic-research/research_agenda/macro-finance/html/index.mt.html">Macro-finance, systemic risk and macroprudential policy</a></li><li class="clearfix"><a href="/pub/economic-research/research_agenda/financial_institutions/html/index.mt.html">Financial institutions, microprudential policy, financial markets and payments</a></li></ul></li><li class="has-subpages"><a href="/pub/economic-research/programmes/html/index.mt.html">Opportunitajiet għar-riċerkaturi</a><a href="#" class="subpages" title="toggle subpages for Opportunitajiet għar-riċerkaturi"></a><ul><li class="clearfix"><a href="/pub/economic-research/programmes/duisenberg/html/index.mt.html">Wim Duisenberg Fellowship</a></li><li class="clearfix"><a href="/pub/economic-research/programmes/visitors/html/index.mt.html">Regular Research Visitors</a></li><li class="clearfix"><a href="/pub/economic-research/programmes/lamfalussy/html/index.mt.html">Lamfalussy Fellowship</a></li><li class="clearfix"><a href="/pub/economic-research/programmes/graduate/html/index.mt.html">Summer Research Graduate Programme</a></li><li class="clearfix"><a href="/pub/economic-research/programmes/traineeship/html/index.mt.html">Student Research Traineeship Programme</a></li></ul></li></ul></li><li class="has-subpages"><a href="/pub/legal-research/html/index.mt.html">Riċerka legali (Legal Research)</a><a href="#" class="subpages" title="toggle subpages for Riċerka legali (Legal Research)"></a><ul><li class="clearfix"><a href="/pub/legal-research/legal-conferences-and-seminars/html/index.mt.html">Konferenzi u seminars legali (Legal conferences and seminars)</a></li><li class="clearfix"><a href="/pub/legal-research/legal-research-programme/html/index.mt.html">Programm dwar ir-Riċerka Legali (Legal Research Programme)</a></li></ul></li><li class="has-subpages"><a href="/pub/research/html/index.mt.html">Dokumenti ta' Riċerka, Okkażjonali u Legali</a><a href="#" class="subpages" title="toggle subpages for Dokumenti ta' Riċerka, Okkażjonali u Legali"></a><ul><li class="clearfix"><a href="/pub/research/authors/html/index.mt.html">Artikoli mill-awturi</a></li></ul></li><li class="clearfix"><a href="/pub/researchers/html/index.mt.html">Riċerkaturi tal-BĊE</a></li><li class="clearfix"><a href="/pub/research-networks/html/index.mt.html">Netwerks ta' riċerka</a></li></ul></div></li><li class="has-subpages" aria-expanded="false"><a href="/press/html/index.mt.html">Aħbarijiet u pubblikazzjonijiet</a><a href="#" class="subpages" title="toggle subpages for Aħbarijiet u pubblikazzjonijiet"></a><div class="nav-first-level-wrap -nav-in-first-column"><div class="nav-featured-wrap"><div class="nav-featured"> <div class="item"> <div class="title">Aħbarijiet u pubblikazzjonijiet</div><a href="/press/pubbydate/html/index.en.html">Ara l-aħbarijiet u l-pubblikazzjonijiet kollha</a><hr> </div> </div><ul><li><span>Aħbarijiet</span></li><li><a href="/press/pr/html/index.mt.html">Stqarrijiet għall-istampa</a></li><li><a href="/press/stats/html/index.mt.html">Statistika dwar iż-żona tal-euro</a></li><li><a href="/press/key/html/index.mt.html">Diskorsi u intervisti</a></li><li><a href="/press/inter/html/index.mt.html">Intervisti</a></li><li><a href="/press/blog/html/index.mt.html">Il-Blog tal-BĊE</a></li><li><a href="/press/tvservices/html/index.mt.html">Servizzi televiżivi u webcasts</a></li><li><a href="/press/intro/html/index.mt.html">Daħla</a></li><li><a href="/press/contacts/html/index.mt.html">Kuntatti għall-istampa</a></li></ul></div><ul><li class="clearfix"><span>Pubblikazzjonijiet</span></li><li class="has-subpages"><a href="/press/govcdec/html/index.mt.html">Deċiżjonijiet tal-Kunsill Governattiv</a><a href="#" class="subpages" title="toggle subpages for Deċiżjonijiet tal-Kunsill Governattiv"></a><ul><li class="clearfix"><a href="/press/govcdec/mopo/html/index.mt.html">Deċiżjonijiet dwar il-politika monetarja</a></li><li class="clearfix"><a href="/press/govcdec/otherdec/html/index.mt.html">Oħrajn</a></li></ul></li><li class="clearfix"><a href="/press/accounts/html/index.mt.html">Kontijiet tal-politika monetarja</a></li><li class="has-subpages"><a href="/press/economic-bulletin/html/index.mt.html">Bullettin Ekonomiku</a><a href="#" class="subpages" title="toggle subpages for Bullettin Ekonomiku"></a><ul><li class="clearfix"><a href="/press/economic-bulletin/articles/html/index.mt.html">Artikoli</a></li><li class="clearfix"><a href="/press/economic-bulletin/focus/html/index.mt.html">Fokus</a></li><li class="clearfix"><a href="/press/economic-bulletin/mb/html/index.mt.html">Bullettin tax-Xahar</a></li></ul></li><li class="clearfix"><a href="/press/projections/html/index.mt.html">Tbassir makroekonomiku</a></li><li class="has-subpages"><a href="/press/annual-reports-financial-statements/html/index.mt.html">Rapporti annwali u dikjarazzjonijiet finanzjarji (Annual reports & financial statements)</a><a href="#" class="subpages" title="toggle subpages for Rapporti annwali u dikjarazzjonijiet finanzjarji (Annual reports & financial statements)"></a><ul><li class="has-subpages"><a href="/press/annual-reports-financial-statements/annual/html/index.mt.html">Rapport Annwali</a><a href="#" class="subpages" title="toggle subpages for Rapport Annwali"></a><ul><li class="clearfix"><a href="/press/annual-reports-financial-statements/annual/annual-accounts/html/index.mt.html">Kontijiet Annwali</a></li><li class="has-subpages"><a href="/press/annual-reports-financial-statements/annual/balance/html/index.mt.html">Karta tal-bilanċ tal-Eurosistema</a><a href="#" class="subpages" title="toggle subpages for Karta tal-bilanċ tal-Eurosistema"></a><ul><li class="clearfix"><a href="/press/annual-reports-financial-statements/annual/balance/mpo/html/index.mt.html">Operazzjonijiet tal-politika monetarja</a></li></ul></li></ul></li><li class="has-subpages"><a href="/press/annual-reports-financial-statements/wfs/html/index.mt.html">Dikjarazzjonijiet finanzjarji tal-ġimgħa (WFS)</a><a href="#" class="subpages" title="toggle subpages for Dikjarazzjonijiet finanzjarji tal-ġimgħa (WFS)"></a><ul><li class="clearfix"><a href="/press/annual-reports-financial-statements/wfs/dis/html/index.mt.html">Dejta disaggregata</a></li></ul></li></ul></li><li class="has-subpages"><a href="/press/financial-stability-publications/html/index.mt.html">Pubblikazzjonijiet tal-istabbilta finanzjarja (Financial stability publications)</a><a href="#" class="subpages" title="toggle subpages for Pubblikazzjonijiet tal-istabbilta finanzjarja (Financial stability publications)"></a><ul><li class="has-subpages"><a href="/press/financial-stability-publications/fsr/html/index.mt.html">Analiżi tal-Istabbiltà Finanzjarja</a><a href="#" class="subpages" title="toggle subpages for Analiżi tal-Istabbiltà Finanzjarja"></a><ul><li class="clearfix"><a href="/press/financial-stability-publications/fsr/special/html/index.mt.html">Karatteristiċi speċjali</a></li></ul></li><li class="clearfix"><a href="/press/financial-stability-publications/macroprudential-bulletin/html/index.mt.html">Bullettin Markroprudenzjali</a></li></ul></li><li class="has-subpages"><a href="/press/research-publications/html/index.mt.html">Pubblikazzjonijiet dwar ir-riċerka (Research publications)</a><a href="#" class="subpages" title="toggle subpages for Pubblikazzjonijiet dwar ir-riċerka (Research publications)"></a><ul><li class="clearfix"><a href="/press/research-publications/resbull/html/index.mt.html">Bullettin ta' Riċerka</a></li><li class="clearfix"><a href="/press/research-publications/working-papers/html/index.mt.html">Sensiela Dokumenti ta' Ħidma</a></li><li class="clearfix"><a href="/press/research-publications/discussion-papers/html/index.mt.html">Dokumenti għad-diskussjoni</a></li><li class="clearfix"><a href="/press/research-publications/occasional-papers/html/index.mt.html">Sensiela Dokumenti Okkażjonali</a></li><li class="clearfix"><a href="/press/research-publications/legal-working-papers/html/index.mt.html">Sensiela Dokumenti ta' Ħidma Legali</a></li><li class="clearfix"><a href="/press/research-publications/statistics-papers/html/index.mt.html">Dokumenti tal-istatistika</a></li></ul></li><li class="has-subpages"><a href="/press/other-publications/html/index.mt.html">Pubblikazzjonijiet oħrajn (Other publications)</a><a href="#" class="subpages" title="toggle subpages for Pubblikazzjonijiet oħrajn (Other publications)"></a><ul><li class="clearfix"><a href="/press/other-publications/mep-letters/html/index.mt.html">Ittri lill-MEPs (Letters to MEPs)</a></li><li class="clearfix"><a href="/press/other-publications/convergence/html/index.mt.html">Rapport tal-Konverġenza</a></li><li class="clearfix"><a href="/press/other-publications/ire/html/index.mt.html">Rwol Internazzjonali tal-Euro (International Role of the Euro)</a></li></ul></li><li class="clearfix"><span>Avvenimenti u kalendarji</span></li><li class="has-subpages"><a href="/press/press_conference/html/index.mt.html">Konferenza stampa</a><a href="#" class="subpages" title="toggle subpages for Konferenza stampa"></a><ul><li class="clearfix"><a href="/press/press_conference/monetary-policy-statement/html/index.mt.html">Konferenzi stampa</a></li><li class="clearfix"><a href="/press/press_conference/visual-mps/html/index.mt.html">Daqqa t’għajn lejn l-istqarrijiet dwar il-politika monetarja</a></li></ul></li><li class="has-subpages"><a href="/press/conferences/html/index.mt.html">Konferenzi u seminars</a><a href="#" class="subpages" title="toggle subpages for Konferenzi u seminars"></a><ul><li class="has-subpages"><a href="/press/conferences/ecbforum/html/index.mt.html">Forum fuq 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href="/press/calendars/statscal/html/index.mt.html">Statistika</a><a href="#" class="subpages" title="toggle subpages for Statistika"></a><ul><li class="clearfix"><a href="/press/calendars/statscal/mfm/html/index.mt.html">Flus, banek u swieq finanzjarji</a></li><li class="clearfix"><a href="/press/calendars/statscal/eaa/html/index.mt.html">Kontijiet taż-żona tal-euro</a></li><li class="clearfix"><a href="/press/calendars/statscal/ext/html/index.mt.html">Tranżazzjonijiet u pożizzjonijiet esterni</a></li><li class="clearfix"><a href="/press/calendars/statscal/ges/html/index.mt.html">Prezzijiet, produzzjoni, domanda u xogħol</a></li><li class="clearfix"><a href="/press/calendars/statscal/gf/html/index.mt.html">Finanzi tal-Gvern</a></li><li class="clearfix"><a href="/press/calendars/statscal/sps/html/index.mt.html">Statistiċi superviżorji u prudenzjali (Supervisory and prudential statistics)</a></li></ul></li><li class="clearfix"><a href="/press/calendars/caleu/html/index.mt.html">Sejħiet għall-offerti fl-Eurosistema</a></li><li class="clearfix"><a href="/press/calendars/reserve/html/index.mt.html">Perjodi ta' żamma tar-riżervi</a></li></ul></li></ul></div></li><li class="clearfix -ssm" aria-expanded="false"><a href="https://www.bankingsupervision.europa.eu/home/html/index.mt.html">Superviżjoni bankarja<i class="external"></i></a></li></ul></div><div id="topnav"><ul><li class="has-subpages" aria-expanded="false"><a href="/ecb/html/index.mt.html">Dwarna</a><a href="#" class="subpages" title="toggle subpages for Dwarna"></a><div class="nav-first-level-wrap"><div class="nav-featured-wrap"><div class="nav-featured"> <div class="item"> <div class="title">Dwarna</div> <hr> </div> </div></div><ul><li class="clearfix"><a href="/ecb/all-about-us/html/index.mt.html">Dak kollu dwarna (All about us)</a></li><li class="has-subpages"><a href="/ecb/decisions/html/index.mt.html">Min jieħu d-deċiżjonijiet</a><a href="#" class="subpages" title="toggle subpages for Min jieħu d-deċiżjonijiet"></a><ul><li class="clearfix"><a href="/ecb/decisions/eb/html/index.mt.html">Bord Eżekuttiv</a></li><li class="clearfix"><a href="/ecb/decisions/govc/html/index.mt.html">Kunsill Governattiv</a></li><li class="clearfix"><a href="/ecb/decisions/genc/html/index.mt.html">Kunsill Ġenerali</a></li><li class="clearfix"><a href="/ecb/decisions/ssm/html/index.mt.html">Bord Superviżorju</a></li></ul></li><li class="has-subpages"><a href="/ecb/orga/html/index.mt.html">Organizzazzjoni</a><a href="#" class="subpages" title="toggle subpages for Organizzazzjoni"></a><ul><li class="has-subpages"><a href="/ecb/orga/escb/html/index.mt.html">BĊE, SEBĊ u Eurosistema</a><a href="#" class="subpages" title="toggle subpages for BĊE, SEBĊ u Eurosistema"></a><ul><li class="clearfix"><a href="/ecb/orga/escb/ecb-mission/html/index.mt.html">Għanijiet tal-BĊE</a></li><li class="clearfix"><a href="/ecb/orga/escb/eurosystem-mission/html/index.mt.html">Għanijiet tal-Eurosistema</a></li><li class="clearfix"><a href="/ecb/orga/escb/strategic-intents/html/index.mt.html">Għanijiet strateġiċi</a></li><li class="clearfix"><a href="/ecb/orga/escb/organisational-principles/html/index.mt.html">Prinċipji organizzattivi</a></li></ul></li><li class="has-subpages"><a href="/ecb/orga/tasks/html/index.mt.html">Funzjonijiet</a><a href="#" class="subpages" title="toggle subpages for Funzjonijiet"></a><ul><li class="clearfix"><a href="/ecb/orga/tasks/monpol/html/index.mt.html">Politika monetarja</a></li><li class="clearfix"><a href="/ecb/orga/tasks/statistics/html/index.mt.html">Statistika</a></li><li class="has-subpages"><a href="/ecb/orga/tasks/stability/html/index.mt.html">Stabbiltà finanzjarja u politika makroprudenzjali</a><a href="#" class="subpages" title="toggle subpages for Stabbiltà finanzjarja u politika makroprudenzjali"></a><ul><li class="clearfix"><a href="/ecb/orga/tasks/stability/tasks/html/index.mt.html">Kompiti</a></li><li class="clearfix"><a href="/ecb/orga/tasks/stability/strategy/html/index.mt.html">Strateġija</a></li><li class="clearfix"><a href="/ecb/orga/tasks/stability/framework/html/index.mt.html">Qafas istituzzjonali</a></li></ul></li><li class="clearfix"><a href="/ecb/orga/tasks/euro/html/index.mt.html">Karti tal-flus</a></li><li class="clearfix"><a href="/ecb/orga/tasks/paym/html/index.mt.html">Ħlasijiet u titoli</a></li><li class="has-subpages"><a href="/ecb/orga/tasks/europe/html/index.mt.html">Relazzjonijiet Ewropej</a><a href="#" class="subpages" title="toggle subpages for Relazzjonijiet Ewropej"></a><ul><li class="clearfix"><a href="/ecb/orga/tasks/europe/cooperation/html/index.mt.html">Kooperazzjoni Ewropea</a></li><li class="clearfix"><a href="/ecb/orga/tasks/europe/emu/html/index.mt.html">Qafas politika tal-UEM</a></li></ul></li><li class="has-subpages"><a href="/ecb/orga/tasks/international/html/index.mt.html">Affarijiet internazzjonali</a><a href="#" class="subpages" title="toggle subpages for Affarijiet internazzjonali"></a><ul><li class="clearfix"><a href="/ecb/orga/tasks/international/institutions/html/index.mt.html">Relazzjonijiet Internazzjonali u analiżi</a></li><li class="clearfix"><a href="/ecb/orga/tasks/international/financialarchitecture/html/index.mt.html">Kooperazzjoni teknika tal-banek ċentrali</a></li></ul></li><li class="clearfix"><a href="/ecb/orga/tasks/reserves/html/index.mt.html">Riżervi barranin u fondi proprji</a></li><li class="clearfix"><a href="/ecb/orga/tasks/forex/html/index.mt.html">Operazzjonijiet tal-kambju</a></li></ul></li><li class="clearfix"><a href="/ecb/orga/orgachart/html/index.mt.html">Organigramma tal-BĊE</a></li><li class="clearfix"><a href="/ecb/orga/capital/html/index.mt.html">Sottoskrizzjoni tal-kapital</a></li><li class="clearfix"><a href="/ecb/orga/governance/html/index.mt.html">Governanza korporattiva</a></li></ul></li><li class="has-subpages"><a href="/ecb/our-values/html/index.mt.html">Il-valuri tagħna (Our values)</a><a href="#" class="subpages" title="toggle subpages for Il-valuri tagħna (Our values)"></a><ul><li class="clearfix"><a href="/ecb/our-values/independence/html/index.mt.html">Indipendenza</a></li><li class="clearfix"><a href="/ecb/our-values/transparency/html/index.mt.html">Trasparenza</a></li><li class="clearfix"><a href="/ecb/our-values/accountability/html/index.mt.html">Responsabbiltà</a></li><li class="has-subpages"><a href="/ecb/our-values/ethics/html/index.mt.html">L-etika – naħdmu bl-integrità</a><a href="#" class="subpages" title="toggle subpages for L-etika – naħdmu bl-integrità"></a><ul><li class="clearfix"><a href="/ecb/our-values/ethics/enmo/html/index.mt.html">"Netwerk ta' Etika ta' Organizzazzjonijiet Multilaterali (ENMO)"</a></li></ul></li></ul></li><li class="has-subpages"><a href="/ecb/history-arts-culture/html/index.mt.html">L-istorja, l-arti u l-kultura tagħna (Our history, arts and culture)</a><a href="#" class="subpages" title="toggle subpages for L-istorja, l-arti u l-kultura tagħna (Our history, arts and culture)"></a><ul><li class="has-subpages"><a href="/ecb/history-arts-culture/history/html/index.mt.html">L-Istorja tagħna (Our history)</a><a href="#" class="subpages" title="toggle subpages for L-Istorja tagħna (Our history)"></a><ul><li class="clearfix"><a href="/ecb/history-arts-culture/history/25-year-anniversary-of-the-ecb/html/index.mt.html">25 sena tal-BĊE (25 years of the ECB)</a></li><li class="clearfix"><a href="/ecb/history-arts-culture/history/emu/html/index.mt.html">Unjoni Ekonomika u Monetarja</a></li><li class="clearfix"><a href="/ecb/history-arts-culture/history/enlargement/html/index.mt.html">Tkabbir tal-UE</a></li><li class="clearfix"><a href="/ecb/history-arts-culture/history/ec/html/index.mt.html">Unjoni Ewropea</a></li></ul></li><li class="has-subpages"><a href="/ecb/history-arts-culture/archives/html/index.mt.html">Arkivji</a><a href="#" class="subpages" title="toggle subpages for Arkivji"></a><ul><li class="clearfix"><a href="/ecb/history-arts-culture/archives/cog/html/index.mt.html">Kumitat tal-Gvernaturi</a></li><li class="clearfix"><a href="/ecb/history-arts-culture/archives/emcf/html/index.mt.html">Fond Ewropew ta' Kooperazzjoni Monetarja</a></li><li class="clearfix"><a href="/ecb/history-arts-culture/archives/delors/html/index.mt.html">Kumitat Delors</a></li><li class="clearfix"><a href="/ecb/history-arts-culture/archives/emi/html/index.mt.html">Istitut Monetarju Ewropew</a></li><li class="clearfix"><a href="/ecb/history-arts-culture/archives/european/html/index.mt.html">Bank Ċentrali Ewropew</a></li></ul></li><li class="clearfix"><a href="/ecb/history-arts-culture/artsculture/html/index.mt.html">Arti u kultura</a></li></ul></li><li class="has-subpages"><a href="/ecb/legal/html/index.mt.html">Qafas legali</a><a href="#" class="subpages" title="toggle subpages for Qafas legali"></a><ul><li class="clearfix"><a href="/ecb/legal/faqs/html/index.mt.html">Mistoqsijiet komuni</a></li><li class="clearfix"><a href="/ecb/legal/fsla/html/index.mt.html">Atti legali mfittxija spiss</a></li></ul></li><li class="has-subpages"><a href="/ecb/climate/html/index.mt.html">Tibdil fil-klima u l-BĊE</a><a href="#" class="subpages" title="toggle subpages for Tibdil fil-klima u l-BĊE"></a><ul><li class="clearfix"><a href="/ecb/climate/our-climate-and-nature-plan/html/index.mt.html">Il-pjan tagħna għall-klima u n-natura</a></li><li class="clearfix"><a href="/ecb/climate/climate-related-financial-disclosures/html/index.mt.html">Divulgazzjonijiet finanzjarji relatati mal-klima</a></li><li class="clearfix"><a href="/ecb/climate/managing_mitigating_climatel_risk/html/index.mt.html">Ġestjoni tar-riskji relatati mal-klima</a></li><li class="clearfix"><a href="/ecb/climate/green_transition/html/index.mt.html">Appoġġ għat-tranżizzjoni ekoloġika (Supporting the green transition)</a></li><li class="clearfix"><a href="/ecb/climate/wider_action/html/index.mt.html">Inrawmu azzjoni akbar</a></li><li class="clearfix"><a href="/ecb/climate/our_approach/html/index.mt.html">L-approċċ tagħna</a></li><li class="clearfix"><a href="/ecb/climate/green/html/index.mt.html">Ħarsien tal-ambjent</a></li><li class="clearfix"><a href="/ecb/climate/climate/html/index.mt.html">Distakk tal-Protezzjoni tal-Assigurazzjoni tal-Klima</a></li></ul></li><li class="clearfix"><a href="/ecb/sanctions/html/index.mt.html">Sanzjonijiet imposti mill-BĊE</a></li><li class="has-subpages"><a href="/ecb/jobsproc/html/index.mt.html">Akkwisti</a><a href="#" class="subpages" title="toggle subpages for Akkwisti"></a><ul><li class="clearfix"><a href="/ecb/jobsproc/tenders/html/index.mt.html">Sejħiet għall-offerti</a></li><li class="clearfix"><a href="/ecb/jobsproc/archive/html/index.mt.html">Arkivju</a></li><li class="clearfix"><a href="/ecb/jobsproc/sourcing/html/index.mt.html">Sistema Elettronika għall-Offerti</a></li></ul></li><li class="has-subpages"><a href="/ecb/access_to_documents/html/index.mt.html">Aċċess għad-dokumenti</a><a href="#" class="subpages" title="toggle subpages for Aċċess għad-dokumenti"></a><ul><li class="clearfix"><a href="/ecb/access_to_documents/document/html/index.mt.html">Reġistru Pubbliku tad-Dokumenti</a></li></ul></li><li class="has-subpages"><a href="/ecb/contacts/html/index.mt.html">Kuntatti</a><a href="#" class="subpages" title="toggle subpages for Kuntatti"></a><ul><li class="clearfix"><a href="/ecb/contacts/address/html/index.mt.html">Indirizz</a></li><li class="clearfix"><a href="/ecb/contacts/working-hours/html/index.mt.html">Ħinijiet tax-xogħol</a></li></ul></li></ul></div></li><li class="has-subpages" aria-expanded="false"><a href="/ecb-and-you/html/index.mt.html">Inti u l-BĊE</a><a href="#" class="subpages" title="toggle subpages for Inti u l-BĊE"></a><div class="nav-first-level-wrap"><div class="nav-featured-wrap"><div class="nav-featured"> <div class="item"> <div class="title">Inti u l-BĊE</div> <hr> </div> </div></div><ul><li class="clearfix"><a href="/ecb-and-you/educational/html/index.mt.html">Materjal edukattiv</a></li><li class="clearfix"><a href="/ecb-and-you/explainers/html/index.mt.html">Spjegazzjonijiet</a></li><li class="clearfix"><a href="/ecb-and-you/test-your-knowledge/html/index.mt.html">Ara tafx</a></li><li class="has-subpages"><a href="/ecb-and-you/youth-initiatives/html/index.mt.html">Involviment taż-żgħażagħ</a><a href="#" class="subpages" title="toggle subpages for Involviment taż-żgħażagħ"></a><ul><li class="clearfix"><a href="/ecb-and-you/youth-initiatives/girls_it_bootcamp/html/index.mt.html">Bootcamp tal-IT tal-Bniet (Girls' IT Bootcamp)</a></li></ul></li><li class="clearfix"><a href="/ecb-and-you/everyone-needs-stability/html/index.mt.html">Kulħadd jeħtieġ l-istabbiltà</a></li><li class="clearfix"><a href="/ecb-and-you/ecb_and_you/html/index.mt.html">Il-BĊE u inti</a></li><li class="clearfix"><a href="/ecb-and-you/ask_us/html/index.mt.html">Staqsina</a></li><li class="has-subpages"><a href="/ecb-and-you/visits/html/index.mt.html">Żurna</a><a href="#" class="subpages" title="toggle subpages for Żurna"></a><ul><li class="clearfix"><a href="/ecb-and-you/visits/premises/html/index.mt.html">Bini ewlieni</a></li></ul></li></ul></div></li><li class="has-subpages" aria-expanded="false"><a href="/careers/html/index.mt.html">Karrieri</a><a href="#" class="subpages" title="toggle subpages for Karrieri"></a><div class="nav-first-level-wrap"><div class="nav-featured-wrap"><div class="nav-featured"> <div class="item"> <div class="title">Karrieri</div> <hr> </div> </div></div><ul><li class="clearfix"><a href="/careers/all-about-careers/html/index.mt.html">Dak kollu dwar il-karrieri (All about carreers)</a></li><li class="clearfix"><a href="/careers/vacancies/html/index.mt.html">Postijiet battala</a></li><li class="has-subpages"><a href="/careers/working-at-the-ecb/html/index.mt.html">Min aħna</a><a href="#" class="subpages" title="toggle subpages for Min aħna"></a><ul><li 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disponibbli bil-Malti</div> <div class="title"> <h1>International macro and finance</h1> </div> <div class="section "> <p>In an increasingly globalised world, no economic area is immune to the economic forces shaping global markets. The ECB needs to stay abreast of global developments relevant to monetary policy and financial stability, including trends in global output and trade, capital flows, exchange rates, commodity prices and macroeconomic policy, so that it can gauge and anticipate their effects on the euro area economy. It also needs to understand the cross-border spillover effects of monetary policy, as well as trends related to the international role of the euro and the international monetary system. </p> <h2>Monetary policy and financial stability in a globalised world</h2> <p><strong>General area of interest:</strong> the impact of global market developments and trends in global financial and trade integration on monetary policy and financial stability.</p> <p>Selected areas of focus:</p> <ul> <li>characterisation of the global spillover and spillback effects of monetary policy</li> <li>understanding financial globalisation, the global financial cycle and global funding in major currencies</li> <li>analysis of global capital markets, exchange rate markets and commodity markets, as well as global financial stability and risk identification</li> <li>relationship between globalisation and inflation dynamics, in particular the role of commodity prices and China</li> <li>implications of exchange rate pass-through for monetary policy</li> </ul> <h2>International monetary system and global policy analysis</h2> <p><strong>General area of interest:</strong> how attractive is the euro globally? What are the factors that determine its international role and why do they matter for the euro area? How do changes in the international monetary system affect the environment of central banks?</p> <p>Selected areas of focus:</p> <ul> <li>analysing the international role of currencies</li> <li>understanding the international implications of digital currencies</li> <li>relationship between global imbalances, global trade and exchange rate policies</li> <li>understanding capital flow management policies and the global financial safety net</li> </ul> <h2>Imbalances and export performance of the euro area</h2> <p><strong>General area of interest:</strong> what are the main determinants of external imbalances and the trade performance of different euro area economies?</p> <p>Selected areas of focus:</p> <ul> <li>determinants of gross trade and capital flows in the euro area, and between the euro area and the rest of the world</li> <li>main drivers of export performance among European firms</li> <li>exposure of European firms to external shocks</li> </ul> <h2>EMU in the global economy</h2> 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