Thor Gunnarsson

BPO - Project Draupnir â€“ New RTGS & Retail Payment System at Central Bank Of Iceland

Thor Gunnarsson's Professional Contact Details

Email (Verified)

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Get Email Address

+354 569 9600

Location

London, England, United Kingdom

Company

Central Bank Of Iceland

Person Seniority

entry

Thor Gunnarsson's Current Company Details

Central Bank Of Iceland

ReykjavÃk, Capital Region, Iceland • 101 Employees

banking

The Central Bank of Iceland (SeÃ°labanki Ãslands) is an independent institution, owned by the Icelandic state but under separate administration. The Central Bank is in charge of monetary policy...

The Central Bank of Iceland (SeÃ°labanki Ãslands) is an independent institution, owned by the Icelandic state but under separate administration. The Central Bank is in charge of monetary policy implementation in Iceland and performs a wide range of functions to this end. The main objective of monetary policy is iice stability. Furthermore, the Bank is also obliged to contribute towards the Government's main economic policy objectives insofar as it does not consider this to conflict with its own goal of price stability. In addition, the Central Bank undertakes standard central banking tasks, such as maintaining external reserves and promoting an efficient and safe financial system, including payment systems domestically and with foreign countries. It is also responsible for the issue of notes and coin, exchange rate matters and other duties, as specified in the Central Bank Act. The Central Bank is ultimately under the administration of the Minister of Economic Affairs and a Supervisory Board. Parliament (the Althing) elects seven members to the Supervisory Board after each parliamentary election. The Central Bank of Iceland was established by an act of Parliament in 1961, although the history of central banking in Iceland is much longer. The current Central Bank Act is no. 36/2001.

Founded Year

1961

Organization Website

sedlabanki.is

Organization Revenue

35000

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