Danmarks Nationalbank
central bank
| Danmarks Nationalbank link () Website | |
|---|---|
| File:DanmarksNationalbank logo.png | |
| Formation | 1 August 1818 |
| Headquarters | Havnegade 5, Copenhagen |
| Leader | Governor of Danmarks Nationalbank |
| The national bank of Denmark | |
Danmarks Nationalbank (in Danish often simply Nationalbanken) is the central bank of the Kingdom of Denmark. It is a non-eurozone member of the European System of Central Banks (ESCB). Since its establishment in 1818, the objective of the Nationalbank as an independent and credible institution is to issue the Danish currency, the krone, and ensure its stability. The Board of Governors holds full responsibility for the monetary policy.[1] The bank became fully independent of the government in 1936.
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 of Denmark and Danmarks Nationalbank.
References
- ↑ The National Bank of Denmark Act, 1936 - Fraser: Federal Reserve of St. Louis. Access date: 12 July 2012.