Headquarters Amsterdam Website www.dnb.nl President Klaas Knot | Central bank of The Netherlands Currency Euro Phone +31 20 524 9111 | |
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Established 25 March 1814; 202 years ago (1814-03-25) Succeeded by European Central Bank (1999) Address Westeinde 1, 1017 ZN Amsterdam, Netherlands Hours Closed today SaturdayClosedSundayClosedMonday9AM–4PMTuesday9AM–4PMWednesday9AM–4PMThursday9AM–4PMFriday9AM–4PM Similar Rijksmuseum, Stedelijk Museum Amsterdam, Bank of Spain, Allard Pierson Museum, Royal Palace of Amsterdam Profiles | ||
Het klokhuis op bezoek bij de nederlandsche bank
De Nederlandsche Bank (DNB, The Dutch Bank) is the central bank of the Netherlands. It is part of the European System of Central Banks (ESCB). De Nederlandsche Bank (DNB) is a public limited company (Dutch: naamloze vennootschap) whose every day policy is overseen by the Governing Board. Being an NV, DNB has a Supervisory Board (Dutch Raad van Commissarissen). In addition, there is an advisory body called the Bank Council (Dutch Bankraad). As a public entity the DNB has a function as both part of the European System of Central Banks (ESCB) and an independent public body (zelfstandig bestuursorgaan).
Contents
- Het klokhuis op bezoek bij de nederlandsche bank
- 1968 nieuwbouw de nederlandsche bank dnb in amsterdam aan het frederiksplein oude filmbeelden
- History
- Tasks of De Nederlandsche Bank
- References
As a part of the ESCB, DNB is co-responsible for the determination and implementation of the monetary policy for the Euro area, besides being a link in the international payment system. As an independent public body, DNB exercises prudential supervision of financial institutions.
1968 nieuwbouw de nederlandsche bank dnb in amsterdam aan het frederiksplein oude filmbeelden
History
On 2 May 1998, the European heads of state or government decided that Economic and Monetary Union (EMU) would begin on 1 January 1999 with eleven Member States of the European Union (EU), the Netherlands included. As from 1 June 1998, the Dutch central bank, De Nederlandsche Bank N.V., forms part of the European System of Central Banks (ESCB). On the same day, the new Bank Act (of 1998) came into force. Nearly 185 years into its existence, the Nederlandsche Bank has entered a new phase.
Tasks of De Nederlandsche Bank
Under the 1998 Bank Act – replacing that of 1948 – the Bank has the following tasks:
The first two tasks – also known as the ESCB tasks – ensue entirely from the Maastricht Treaty. Decisions in these areas are taken at the European level by the ECB Governing Council, on which the President of the Nederlandsche Bank has a seat. Promoting the smooth operation of payment systems has both a European and a national dimension. The statistical task is also partly ESCB-related and partly a national concern. The DNB is responsible for international macro-economic statistical analysis for countries outside the EU. These two tasks will not be transferred to ESCB level at the start of EMU. Here the Nederlandsche Bank remains fully in control. However, in a Europe where economies are becoming increasingly interlocked, many banking supervisory rules are drawn up at the international level. DNB serves as the banker's bank to general Dutch banks.
One of the government appointed members of the Social-Economic Council is always a representative of DNB.