The Central Bank of Iceland was established on April 7, 1961 by act of the Althingi, spun out of the central banking division of Landsbanki Islands, which had held sole note-issuing rights on the island since 1927. Headquartered in Reykjavik, it holds the exclusive right to issue Icelandic krona notes and coins, manages the state's foreign currency reserves, and has pursued a floating exchange rate and inflation-targeting monetary policy since 2001, when it gained independence from a fixed peg. It is wholly state owned, led by a single governor supported by a seven member supervisory board elected by parliament, and absorbed the country's Financial Supervisory Authority on January 1, 2020.
Facts
Founding YearSourced to the subject's own account Founding DateSourced to the subject's own account HeadquartersSourced to the subject's own accountKalkofnsvegur 1, Reykjavik 1 Geography
Country or Jurisdiction ServedWikidata Q1195916, property P17 (country). Classification
Institution SubtypeSourced to the subject's own account Connections
Member Of
Central Bank of Iceland is one of the BIS's 63 member central banks and monetary authorities (Membership and shareholding structure table); the BIS has been wholly owned by its member central banks since the 2005 buyback of private shareholders.
Source Wikipedia
In the Other Atlases
- Also in Geography Atlas: Iceland, located there.
Sources
1. Central Bank of Iceland (Wikipedia)
WikipediaInfobox, headquarters field
headquarters = Kalkofnsvegur 1, Reykjavík
Infobox, established field (founding year)
established = 7 April 1961
Infobox, established field (founding date)
established = 7 April 1961
Introduction, institution-subtype
The Central Bank of Iceland was established on April 7, 1961 by act of the Althingi, spun out of the central banking division of Landsbanki Islands, which had held sole note-issuing rights on the island since 1927.
View the Source 2. Wikidata
Wikimedia Foundation
Wikidata: Central Bank of Iceland
Wikidata Q1195916, class allow-list match (w-wdresolver-0926)View the Source Wikipedia
Wikimedia FoundationMember Of: Bank for International Settlements, Bank for International Settlements, Membership and shareholding structure sectionQuote, Member Of: Bank for International Settlements, Bank for International Settlements, Membership and shareholding structure section
The BIS members are central banks of 63 jurisdictions: 34 in Europe, 16 in Asia, 5 in South America, 3 in North America, 3 in Africa, and 2 in Oceania.
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