kraks vejviser 1933 handelsvejviser

DENMARK’S BANKING AND MONETARY SYSTEM Systéme monétaire & organisation des banques du Danemark. — Danemarks Geld- und Bankwesen. — Estado Monetario y Bancario de Dinamarca.

Denmark has the same monetary system as Norway and Sweden with gold as basisk and for over fifty years a monetary union has existed between these three countries. In accordance with the Currency Act of 23rd May 1873 Kr. 2480 is minted out of 1 kg. fine gold (Kr. 1 = 100 Øre). The relation between the gold value of the unit of coinage in Denmark and those of the more important other countries will be seen from the appended table: Value of ihe Danish Krone in foreign currencies: (The figures in brackets following the par rates indicate the approximate selling; rate I of exchange pr. ult. Nov. 1932. Fluctuations under one p. c. are not shown). i Argentine................ ,... 0,632 (0,64) Paper Peso Japan .................... .... 0,54 (0,80) Yen ! Austria.................... ... 1,90 (1,17) Schillings Latvia........................... 1,389 (0,86) Lat ! Belgium.................. ... 1,928 (1,20) Belgas Lithuania............... .... 2,68 (1,66) Lit Brazil...................... ... 0,49 (2,20) Milreis Mexico.................. .... 0,536(0,52)Dollar i Bulgaria.................. ... 1,389 (22,90) Leva Netherlands........... .... 0,666 (0,41) Guiden ; Canada.................... ... 0,268 (0,20) Dollar Norway................. 1,00 (1,01) Krone j Chile....................... ... 2,20 (3,02) Pesos - Peru.............................. 0,056 (0,10) £ | Colombia................ ... 0,268 (0,18) Peso Poland................... .... 2,388 (1,48) Zloty Czechoslovakia .... ... 8,97 (5,59) Kroner Portugal................ ___ 0,248 (5,52) Escudo i Danzig.................... ... 1,376 (0,85) Guiden Roumania............. ....... 1,389 (28,13) Léi i Ecuador................... ... 0,55 (1,02) Sucres Russia................... .... 0,052 (0,03) Tscher- 'England................... ... £ —.1.1 wonetz Esthonia.................. ... 1,00 (0,62) Krone Spain............................ 1,389 (2,03) Pesetas Finland.................... ... 10,64 (11,78) Finmark Sweden................. .... 1,00 (0,96)Krone ■, France .................... ... 6,840 (4,24) Francs Switzerland...........----- 1,389 (0,86) Francs Germany................. ... 1,125 (0,70) Reichsmk. Turkey.................. .... 6,10 (34,90) Pjastre Greece.................... ... 1,389 (29,94) Drachme U. S. A.................. ___ 0,268 (0,16) Dollar Hungary.................. ... 1,532 (0,94) Pengo Uruguay ............. ....... 0,259 (0,43) Dollar Iceland.................... ... 1,00 (1,15) Krone Venezuela........... ........ 1,389 (1,10) Bolivar ! Italy . ...................... ... 5,091 (3,25)Lire Yugo-Slavia------- ....... 1,389 (12,37) Dinar i In Denmark the right to issue bank-notes is reserved to the "Nationalbanken” in Copenhagen. After the financial collapse in 1813 this bank was established as a State bank under the name ”Rigsbanken” but in 1818 it was converted into a private joint stock bank under its present name with a share Capital of 27 miil. Kroner. It is under the management of five directors two of whom are appointed by the Crown. According to the last octroi granted the Bank the builion held by the bank shall always cover at least one third of the notes in circulation. The obligation to exchange bank-notes with gold was suspended in September 1931, when England left the gold standard. ' On Nov. 23rd. 1932 notes in circulation amounted to 274 miil. Kr. with a builion reserve af 141 mili. Kr. or 51,6 °/ 0 . At the present time there are in all 175 private banks in Denmark many of which have a number of branches. Out of the total balance which amounted to 2661 mili. Kr. in 1932, no less than 1330 mili. Kr. were represented by the three leading banks, from which it will be seen that the country’s banking system is rather highly concentrated. By a Bank Act of 1919 the Danish banks were made subject to the special super­ vision of an appointed authority. \ \ Advcrtiscments on the following pdges!