Bank of Greece operates as the central bank of Greece. It participates in the formulation and implementation of monetary policy in the euro area as a member of the Eurosystem; and offers liquidity to domestic credit institutions. The company also supervises credit and financial institutions, insurance and reinsurance undertakings, and insurance distributors, as well as financial institutions under liquidation; and operates as a national resolution authority for the credit and financial institutions. In addition, it provides payment and securities settlement infrastructures, and oversee payment and clearing systems, as well as operates electronic secondary securities market; and issues foreign exchange rates and maintains an archive of historical rates. Further, the company sells and purchases gold, as well as gold sovereigns, bars, and coins; issues banknotes and coins, and daily price bulletins for gold and gold coins; collects, compiles, and releases monetary and credit statistics; compiles the country's balance of payments and financial accounts; and collects and publishes data on the Greek economy. Additionally, it monitors and assesses developments in the financial system and adopts measures to reduce the build-up of systemic risk and enhance the resilience of the financial system; acts as treasurer and fiscal agent of the government; and conducts research in the fields of monetary policy, economic growth and regional development, financial markets, supervisory policy, and climate change. The company operates through a network of 17 branches, 32 agencies, and 5 outlets. Bank of Greece was founded in 1927 and is headquartered in Athens, Greece.