Kurantbanken
Encyclopedia
The Kurantbanken was a Danish-Norwegian private limited company set up in Copenhagen
in 1736, when it received its royal oktroj or charter
. This charter gave it the right to issue banknotes as legal tender for the state (but not for other citizens) - these notes were to be fully convertible (for silver coin).
Copenhagen
Copenhagen is the capital and largest city of Denmark, with an urban population of 1,199,224 and a metropolitan population of 1,930,260 . With the completion of the transnational Øresund Bridge in 2000, Copenhagen has become the centre of the increasingly integrating Øresund Region...
in 1736, when it received its royal oktroj or charter
Royal Charter
A royal charter is a formal document issued by a monarch as letters patent, granting a right or power to an individual or a body corporate. They were, and are still, used to establish significant organizations such as cities or universities. Charters should be distinguished from warrants and...
. This charter gave it the right to issue banknotes as legal tender for the state (but not for other citizens) - these notes were to be fully convertible (for silver coin).