Danmarks Nationalbank

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.
The building which houses the bank's headquarters was designed by the renowned architect Arne Jacobsen, in collaboration with Hans Dissing and Otto Weitling. After Jacobsen's death, his office, renamed Dissing+Weitling, brought the building to completion.
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.
Danish and Faroese banknotes were previously printed at Danmarks Nationalbank's Banknote Printing Works. This practice came to an end 20 December 2016, after which the printing of banknotes has been outsourced due to a reduced demand for cash, and cut in expenses of 100 million kroner until 2020.
History
The bank was established on 1 August 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.
Board of Governors
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.
List of Royal Governors
1818–1818: Christian Klingberg
1835–1856: Lauritz Nicolai Hvidt
1821–1861: Nicolai Aagesen
1836–1845: Peter Georg Bang
1856–1861: Hans Peter Hansen
1861–1892: Moritz Levy
1868–1888: Wilhelm Sponneck
1869–1896: Stephan Linnemann
1873–1887: W.J.A. Ussing
1873–1896: F.C. Smidt
1887–1888: Carl Vilhelm Lange
1896–1913: Søren Christian Knudtzon
1888–1913: Rasmus Strøm
1896–1906: Johannes Nellemann
1907–1924: Jens Peter Winther
1908–1908: Ole Hansen
1908–1920: Johannes Lauridsen
1913–1939: Westy Stephensen
1914–1923: Marcus Rubin
1914–1924: Carl Ussing
1920–1923: Jens Peter Dalsgaard
1923–1931: Holmer Green
1923–1936: Hans Rosenkrantz
1924–1932: Jakob Kristian Lindberg
1925–1936: Frederik Carl Gram Schrøder
1935–1955: Ove Jepsen
1936–1949: C.V. Bramsnæs
1939–1957: Henning Haugen-Johansen
1949–1950: Holger Koed
1950–1963: Svend Nielsen
1956–1963: Siegfried Hartogsohn
1957–1985: Frede Sunesen
1963–1985: Svend Andersen
1965–1994: Erik Hoffmeyer
1980–1996: Ole Thomasen
1982–1990: Richard Mikkelsen
1991–2005: Bodil Nyboe Andersen
1995–2010: Jens Thomsen
1996–2011: Torben Nielsen
2005–2013: Nils Bernstein
2011–2020: Hugo Frey Jensen
2011–: Per Callesen
2013–2023: Lars Rohde
2020-: Signe Krogstrup
2023-: Christian Kettel Thomsen
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. Since the late 19th century, coins minted by the bank carry a heart-shaped mint mark. Before this time, the Mint used a mark showing the royal crown.
See also
Economy of Denmark
Economy of the Faroe Islands
Economy of Greenland
Economy of Europe
European Exchange Rate Mechanism
Financial Supervisory Authority (Denmark)
Payment system
Real-time gross settlement
References
External links
Arne Jacobsen buildings
Buildings and structures completed in 1970
Economy of Denmark
Banks of Denmark
Central banks
Banknote printing companies
European System of Central Banks
Modernist architecture in Copenhagen
Banks established in 1818
1818 establishments in Denmark
Currencies of the Kingdom of Denmark
Bank buildings in Copenhagen
Listed bank buildings in Denmark