title: Danmarks Nationalbank
text: 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