Legal basis

Danmarks Nationalbank has a long-standing tradition for independence of the political system. The current Danmarks Nationalbank Act is from 1936.
Danmarks Nationalbank was established in 1818 to restore the monetary system after the state bankruptcy in 1813. Danmarks Nationalbank became an independent institution in 1936, and the current legal basis for its activities is from the same year.
Among other things, the Danmarks Nationalbank Act states that the objective of Danmarks Nationalbank is to maintain a safe and secure currency system, and to facilitate and regulate the traffic in money and the extension of credit. Danmarks Nationalbank's monetary policy is determined independently of the Parliament (Folketinget) and government