kraks vejviser 1939 handelsvejviser

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MONETARY SYSTEM, BANKS, MORTGAGE INSTITUTIONS Systéme monétaire, Banques et Etablissements hypothécaires. — Geldverhaltnlsse, Bankwesen, Hypothekenlnstitute. — Estado Monetario, Bancario y Hipotecarlo de Dlnamarca.

Monetary System. In accordance with the Currency Act of 23rd May 1873 Kr. 2480 is minted out of 1 kg. fine gold (Kr. 1 = 100 Øre).

Value of the Danish Krone in foreign currencies per medio Oct. 1938:

.... 0,75 Yen .... 1,11 Lat

Japan .................... Latvia....................

0,83 Paper Peso 1,25 Belgas 3,51 Milreis 17,54 Leva 0,21 Dollar 3,92 Pesos 0,36 Peso 6,08. Kroner 1,12 Guiden 3,05 Sucres J6 0,0,11 0,80 Krone 10,05 Finmark 7,91 Francs 0,53 Reichsmk. 23,53 Drachme

Argentine...................... Belgium........................ Brazil............................ Bulgaria........................ Canada.......................... Chile............................. Colombia...................... Czechoslovakia............ Danzig.......................... Ecuador........................ England........................ Esthonia........................ Finland.......................... France .......................... Germany....................... Greece.......................... Hungary........................ Iceland.......................... Italy..............................

Lithuania............... .... 1,24 Lit Mexico.................. .... 1,04 Peso Netherlands........... .... 0,39 Guiden Norway................. ....... 0,89 Krone Peru....................... ....... 0,98 Soles Poland................... ....... 1,12 Zloty Portugal............... ....... 4,88 Escudo Roumania............ ....... 28,57 Léi Russia................... ___ 1,10 Rubel Sweden................ ....... 0,87 Krone Switzerland......... ....... 0,93 Francs Turkey.................. ....... 25,97 Pjastre U. S. A.................. ....... 0,21 Dollar Uruguay ............. ........ 0,53 Dollar Venezuela........... ....... 0,67 Bolivar Yugo-Slavia .... ........ 9,22 Dinar

1,07 Pengo 0,99 Krone 3,98 Lire

Banks. In Denmark the exclusive right of issuing bank-notes is reserved to Danmarks Na­ tionalbank (The National Bank of Denmark). In 1813 this bank was established as a State bank under the name ”Rigsbanken”; it was subsequentiy converted in 1818 into a private joint stock bank under the name ”Nalionalbanken” in Copenhagen, and constituted in 1936 by Act of Parliament under its present name: Danmarks ^Nationalbank, on basis of a Capital fund of 50 million Kroner paid in by the State. ' According to law the builion held by the bank shall always cover at least one fourth of the notes in circulation. The obligation to exchange bahk-notes with gold was suspended in September 1931, when England left the gold standard. \ On Oct. 15th 1938 notes in circulation amounted''to 375 mili. Kr. with a builion reserve of 118 mili. Kr. or 32°/ 0 . At the present time there are in all 162 private banks in Denmark many of which have a number of branches. Out of the total balance which amounted to 3122 mili. Kr. in