While countries lost some sovereignty through the establishm

While countries lost some sovereignty through the establishment of the euro, each country maintains its own central bank to manage monetary policy as it relates to the euro.

Solution

The given statement is wrong

The Euro zone has European Central Bank(ECB) as the central bank for the euro and administers monetary policy of the whole eurozone which consists of 19 EU member states.The capital stock of the bank is owned by all the central banks of 28 EU member states.

The monetary policy so formulated is implemented throughtout the region uniformly.