De Nederlandsche Bank is established in Amsterdam (1814)

De Nederlandsche Bank was founded in 1814 as the central bank for the Netherlands, issuing the guilder. It was originally founded by King William I of the Netherlands, who had been invited back following Napoleon's defeat. The bank served as the Dutch central bank until 1998, when European heads of state decided that the Economic and Monetary Union would begin in 1999 with the Netherlands included.

Episodes

Background and detail

Establishment. De Nederlandsche Bank was established in 1814 as the Dutch central bank, responsible for issuing the guilder. It was originally founded by King William I. The bank has since been transformed into a state-owned public limited company. The founding year 1814 falls between William's 1814 proclamation as Sovereign Prince and his 1815 proclamation as king, though the passages do not state the exact day of the bank's establishment.

Legacy. De Nederlandsche Bank served as the national central bank for the Netherlands within the Eurosystem. It functioned as the Dutch central bank from 1814 to 1998. On 2 May 1998, European heads of state decided that the Economic and Monetary Union would begin in 1999, including the Netherlands. The bank's role transitioned with the introduction of the Euro.

People involved

Sources

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