Icelandic Central Bank

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Icelandic Central Bank
Seðlabanki Íslands
Seðlabanki Íslands.svg
Headquarters Reykjavík , Iceland
founding 1961
president Már Guðmundsson
country Iceland
currency

Icelandic krona

ISO 4217 ISK
Website

www.sedlabanki.is

predecessor

Landsbanki

List of central banks

The Icelandic Central Bank ( isl . Seðlabanki Íslands , German "Icelandic Central Bank") is the central bank of the State of Iceland .

In 1961, following a resolution by the Icelandic parliament Al nachingi, it was spun off from the Landsbanki , which until then had been responsible for issuing notes, but only performed a few tasks in the context of monetary policy.

Icelandic Central Bank in Reykjavík (2006)

The central bank is owned by the Icelandic state and is run by a committee of three governors appointed by the prime minister for a seven-year term. They are monitored by a seven-member supervisory board. The Central Bank has the sole right to banknotes and coins of the Icelandic krona to print or emboss and output. In 1986 the central bank lost the legal right to control the interest rate of Icelandic banks.

Although legally independent, the bank has traditionally been expected to follow the course of the government. In 2001 the central bank was given the right to influence inflation independently of government guidelines and to pursue a monetary policy aimed at maintaining stable price developments. The current president of the Icelandic central bank is Már Guðmundsson , who replaced the interim president Svein Harald Øygard on August 20, 2009 .

Until the law was changed in 2009, there was a three-person management body made up of so-called governors.

  • Board member: Seðlabankastjóri
  • Chairman: Formaður bankastjórnar Seðlabanka Íslands
  • Registered office: Seðlabanki Íslands , Kalkofnsvegi 1, Reykjavík

List of board members (selection)

  • Jóhannes Nordal (born 1924), Icelandic sociology, from 1961 to 1993. Formaður bankastjórnar: 1965 to 1993.
  • Birgir Ísleifur Gunnarsson (born 1936), Icelandic lawyer, from 1991 to 2005. Seðlabankastjóri: 1991 to 2005. Formaður bankastjórnar: 1993 to 2005.
  • Davíð Oddsson (born 1948), Icelandic lawyer, October 2005 to February 2009
  • Svein Harald Øygard (born 1960), Norwegian economist, February to August 2009
  • Már Guðmundsson (born 1954), Icelandic economist, since August 20, 2009

Individual evidence

  1. ↑ Central Bank of Iceland - August 20, 2009 - Már Guðmundsson takes over as Governor of the Central Bank http://wayback.vefsafn.is/wayback/20091118020746/www.sedlabanki.is/?PageID=287&NewsID=2218
  2. ↑ Prime Minister's Office (Iceland) - Prime Minister appoints new Governor and Deputy Governor of the Central Bank of Iceland (June 29, 2009) http://eng.forsaetisraduneyti.is/news-and-articles/nr/3798
  3. ↑ http://www.icelandreview.com/icelandreview/daily_news/?cat_id=16539&ew_0_a_id=320563

Web links

Coordinates: 64 ° 8 ′ 56.3 "  N , 21 ° 55 ′ 55.3"  W.