| Danmarks Nationalbank |
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Information AboutDanmarks Nationalbank |
| CATEGORIES ABOUT DANMARKS NATIONALBANK | |
| government of denmark | |
| economy of denmark | |
| banks of denmark | |
| central banks | |
| european system of central banks | |
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The bank was established on August 1 , 1818 by King Frederick VI Of Denmark . The private bank was given a 90-year monopoly on currency issue, which was extended in 1907 out to 1938 . In 1914 , the National Bank became the sole banker for the Danish government. The bank became fully independent of the government in 1936 . The objective of Danmarks Nationalbank as an independent and credible institution is to ensure a stable Krone . The Board of Governors holds full responsibility for the Monetary Policy . The Board of Governors consists of three members. The Chairman of the Board of Governors is Governor by Royal Appointment. The two other Governors are appointed by the Board of Directors. Niels Bernstein became chairman in 2005. Danmarks Nationalbank undertakes all functions related to the management of the Danish central-government debt. The division of responsibility is set out in an agreement between the Ministry of Finance and Danmarks Nationalbank. LOGO The official logo of the bank is a nineteenth century version of Denmark's Coat Of Arms showing the insignia of Denmark , Schleswig , and Holstein . The two latter provinces were lost in the 1864 Second War Of Schleswig , and the bank is the only official Danish institution still using this insignia. SEE ALSO EXTERNAL LINKS |
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