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| Home » Central Banks Worldwide » De Nederlandsche Bank | ||||||||||||||||||||||||||||||
De Nederlandsche Bank |
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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). As from 1 June 1998, the Dutch central bank, De Nederlandsche Bank N.V., forms part of the European System of Central Banks (ESCB). |
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On that 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. 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. These two tasks will not be transferred to ESCB level at the start of EMU. Under the 1998 Bank Act – replacing that of 1948 – the Bank has the following tasks: |
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In achieving the objectives as mentioned above, the Bank commits itself to providing
effective support functions through a sound banking and financial control
system, appropriate information system and the development of competent and
qualified staff.
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. |
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| Stable prices, smooth and safe payments and robust and reliable financial institutions. These are essential preconditions for a healthy economy and prosperity in the Netherlands. | ||||||||||||||||||||||||||||||
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