View source for Danmarks Nationalbank

{{short description|Danish central bank}}
{{Infobox Central bank
| bank_name_in_local = 
| logo = DanmarksNationalbank logo.png
| image = Danmarks Nationalbank.jpg
| caption = 
| ownership = independent, self-governing institution<ref>{{cite web |title=Hvad siger loven? |url=https://www.nationalbanken.dk/da/om-os/hvad-siger-loven |website=Nationalbanken.dk |access-date=7 August 2023 |language=da}}</ref>
| headquarters = Havnegade 5, [[Copenhagen]]
| established = {{Start date and age|df=yes|1818|08|01}}
| president = [[Christian Kettel Thomsen]]<ref name="altinget"/>
| leader_title = Royal Director
| bank_of = The [[Danish Realm|Kingdom of Denmark]]
| currency = [[Danish krone]]
| currency_iso = DKK
| reserves = 479,065,000,000DKK<ref>{{cite web|title=SPECIFICATION FOR NATIONAL BANK BALANCE AFTER THE SPECIFICATION AND INSTRUMENT – INVENTORIES|url=http://nationalbanken.statistikbank.dk/DNSNB1|website=nationalbanken.dk|access-date=27 January 2016|language=da}}</ref>
| borrowing_rate = 
| deposit_rate = 
| website = {{official URL}}
| footnotes = 
| reserve_requirements = 
| interest_rate_target = 
}}
'''Danmarks Nationalbank''' (in Danish often simply ''Nationalbanken'') is the [[central bank]] of the [[Danish Realm|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 [[Danish krone|krone]], and ensure its stability. The Board of Governors holds full responsibility for the [[monetary policy]].<ref>[https://fraser.stlouisfed.org/scribd/?item_id=20732&filepath=/docs/publications/FRB/1930s/frb_071936.pdf&start_page=33 ''The National Bank of Denmark Act, 1936''] – Fraser: Federal Reserve of St. Louis. Access date: 12 July 2012.</ref>

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.

==History==
[[File:Børsen og Nationalbanken set fra Slotpladsen, F.G. Holm ca. 1850.jpg|thumb|The National Bank's first home next to [[Børsen]] on [[Slotsholmen]], c. 1850.]]
[[File:Danmarks Nationalbank (old building).jpg|thumb|The National Bank's second home on Holmens Kanal 17]]
[[File:Nationalbankens afdeling i Kolding.jpg|thumb|Former branch (1924-1968) on Jernbanegade 27 in [[Kolding]]{{R|Abildgren|p=134}}]]
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.

The National Bank established a network of branches in Denmark's principal cities, but phased them out in the second half of the 20th century as they were no longer needed due to evolving practices and technologies. The last two branches, in [[Aarhus]] and [[Odense]], closed in 1989.{{R|Abildgren|p=134-135}}

Until 20 December 2016, Danish and [[Faroese króna|Faroese]] [[banknote]]s were previously printed at Danmarks Nationalbank's Banknote Printing Works.<ref>{{cite web |title=Facts about the banknotes |url=http://www.nationalbanken.dk/DNUK/NotesAndCoins.nsf/side/Facts_about_the_banknotes!OpenDocument |publisher=Danmarks Nationalbank |access-date=27 January 2013 |url-status=dead |archive-url=https://web.archive.org/web/20130316095637/http://nationalbanken.dk/DNUK/NotesAndCoins.nsf/side/Facts_about_the_banknotes%21OpenDocument |archive-date=16 March 2013 }}</ref> The printing of banknotes was then [[Outsourcing|outsourced]] due to a reduced demand for cash,<ref>{{cite web|last1=Barsøe|first1=Frederik|title=Today Ends a 1000 Year Old Tradition|url=http://www.bt.dk/danmark/i-dag-er-det-slut-med-1.000-aar-gammel-tradition-det-er-da-med-et-vist-vemod-at-vi|website=bt.dk|publisher=Berlingske Media|access-date=20 December 2016|language=da|date=20 December 2016}}</ref> and cut in expenses of 100 million kroner until 2020.<ref>{{Cite web |url=http://finans.borsen.dk/artikel/1/292896/nationalbanken_lukker_og_slukker_for_seddelpressen.html |title=Nationalbanken lukker og slukker for seddelpressen |publisher=[[Dagbladet Børsen]] |author=Ulrik Horn |date=20 October 2014 |access-date=10 March 2016 |language=da}}</ref>

==Building==
[[File:Nationalbankens nye bygning.jpg|thumb|Competition entry for the new head office in 1961, with the older building preserved]]
[[File:Views from Christiansborg Palace 10.JPG|thumb|The National Bank building viewed from [[Christiansborg Palace]], with [[Holmen Church]] in foreground]]

The building which currently houses the bank's headquarters was designed in the early 1960s by the renowned architect [[Arne Jacobsen]], in collaboration with {{ill|Hans Dissing|da}} and {{ill|Otto Weitling|da}}, and built between 1965 and 1978. After Jacobsen's death in 1971, his office, renamed [[Dissing+Weitling]], brought the building to completion. The National Bank moved into the new premises in 1976. The [[Agency for Culture and Palaces (Denmark)|Agency for Culture and Palaces]] listed it as national heritage in 2009.<ref name=Abildgren>{{cite book |author=Kim Abildgren |title=Danmarks Nationalbank 1818-2018 |publisher=Danmarks Nationalbank |location=Copenhagen |year=2018}}</ref>{{rp|16}}

The new building replaced an earlier [[Renaissance Revival architecture|neo-Renaissance]] structure, inspired by the [[Palazzo Strozzi]] in [[Florence]] and designed for the National Bank by [[Johan Daniel Herholdt]], which had been erected in 1866-1870. The National Bank had moved into this building in 1870 from its original premises on [[Slotsholmsgade]], in a building (now demolished) designed in the 18th century by [[Caspar Frederik Harsdorff]].{{R|Abildgren|p=16}}

==Logo==

The official logo of the bank is a nineteenth-century version of Denmark's [[coat of arms of Denmark|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.<!--"Schleswig" is the spelling normally used in English, please don't change it again. --> Since the late 19th century, coins minted by the bank carry a [[heart (symbol)|heart]]-shaped [[mint mark]]. Before this time, the Mint used a mark showing the [[crown of Christian V|royal crown]].

==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:

{{div col|colwidth=20em}}
* 1818–1818: [[Christian Klingberg]]
* 1835–1856: [[Lauritz Nicolai Hvidt]]
* 1821–1861: [[Nicolai Aagesen]] 
* 1836–1845: [[Peter Georg Bang]]
* 1856–1861: [[Hans Peter Hansen (banker)|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 (politician)|Ole Hansen]] 
* 1908–1920: [[Johannes Lauridsen (banker)|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<ref>{{cite web |url=http://www.nationalbanken.dk/en/about_danmarks_nationalbank/organisation/Pages/Hugo-Frey-Jensen.aspx |title=Hugo Frey Jensen – Danmarks Nationalbank |website=Nationalbanken.dk |access-date=18 October 2019 }}</ref> 
* 2011–: Per Callesen<ref>{{cite web |url=http://www.nationalbanken.dk/en/about_danmarks_nationalbank/organisation/Pages/Per-Callesen.aspx |title=Per Callesen – Danmarks Nationalbank |website=Nationalbanken.dk |access-date=18 October 2019 }}</ref>
* 2013–2023: [[Lars Rohde]]<ref>{{cite web |url=http://www.nationalbanken.dk/en/about_danmarks_nationalbank/organisation/Pages/Lars-Rohde.aspx |title=Lars Rohde - Danmarks Nationalbank |website=Nationalbanken.dk |access-date=18 October 2019 }}</ref> 
* 2020–: [[Signe Krogstrup]]
* 2023–: [[Christian Kettel Thomsen]]<ref name="altinget">{{cite web |last1=Lund-Hansen |first1=Christoffer |title=Kettel vil træde frem i lyset som Nationalbankdirektør: "Det er ikke min stil at fare rundt med høj stemmeføring" |url=https://www.altinget.dk/artikel/kettel-vil-traede-frem-i-lyset-som-nationalbankdirektoer-det-er-ikke-min-stil-at-fare-rundt-med-hoej-stemmefoering |website=Altinget.dk |access-date=7 August 2023 |date=18 April 2023}}</ref>
{{div col end}}

==See also==
{{Portal|Denmark|Faroe Islands|Economy|Banks}}

{{div col|colwidth=30em}}
*[[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]]
* [[List of central banks]]
{{div col end}}

==References==
{{reflist}}

==External links==
*{{official website|http://www.nationalbanken.dk/en/Pages/default.aspx}}
{{Clear}}
{{Commons|Danish National Bank}}

{{Authority control}}
{{Central banks}}
{{Central banks of the European Union}}
{{National banks of Europe}}
{{Denmark topics}}

[[Category:1818 establishments in Denmark]]
[[Category:Arne Jacobsen buildings]]
[[Category:Bank buildings in Copenhagen]]
[[Category:Banknote printing companies]]
[[Category:Banks established in 1818]]
[[Category:Banks of Denmark]]
[[Category:Commercial buildings completed in 1970]]
[[Category:Central banks]]
[[Category:Currencies of the Kingdom of Denmark]]
[[Category:Economy of Denmark]]
[[Category:European System of Central Banks]]
[[Category:Listed bank buildings in Denmark]]
[[Category:Modernist architecture in Copenhagen]]
[[Category:1960s architecture in Denmark]]