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2 unusual facts about Kurantbanken


Heinrich Carl von Schimmelmann

A result of this was the nationalization of the Bank of Copenhagen in March 1773, which came under the Tax Board, and thus under Schimmelmann’s personal leadership until his death.

His legacy has been attacked – not without justification – because the state takeover of the Bank of Copenhagen in 1773 in the long run led to inflation due to the unhealthy temptation of printing money whenever the state needed it.


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