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| Headquarters | Creburg, Heigard |
| Established | 11 October 1815 |
| Governor | Lydia Plamondon |
| Central Bank of | Heigard |
| Preceded by | National Bank |
| Succeeded by | European Central Bank (1999) |
The Bank of Heigard (French: Banque de Héigarde; Spanish: Banco de Héigard) is the central bank of Heigard. It's linked to the European Central Bank (ECB). Its main charge is to implement the interest rate policy of the European System of Central Banks (ESCB). It is headquartered in the Mainne arrondissement in Creburg.
Linkage with the ESCB[]
On 1 June 1998, a new institution was created, the European Central Bank (ECB), charged with steering the single monetary policy for the euro. The body formed by the ECB, and the national central banks (NCB) of all the member states of the European Union, constitute the European System of Central Banks (ESCB).
The ESCB is an institutional framework of a single monetary policy for the euro. According to the Bank's website, the "sharing of responsibilities between the ECB and the NCBs is based upon significant decentralization of the conduct of the ESCB's single monetary policy".
History[]
- 1797 François Callemain opens the National Bank
- 1804 the bank is acquired by the government
- 1815 the bank is renamed Bank of Heigard
- 1936-1945 Nationalization
- 1998 Entered the European System of Central Bank
See also[]
- Economy of Heigard
- Heigardian euro coins
- Euro