The Bank of Italy is the central bank of Italy, founded in 1893. As a member of the Eurosystem, its primary mission is to maintain price stability in the Eurozone. Its core functions include implementing the monetary policy of the European Central Bank, supervising the Italian banking and financial system to ensure its stability and efficiency, managing a portion of the country's official foreign reserves, and acting as the State Treasury service. It is a public-law institution that pursues aims in the public interest regarding monetary and financial matters.