- Oesterreichische Nationalbank
Infobox Central bank
image_1=ÖNB Vienna June 2006 562 corrected perspective.jpg
image_title_1 =
bank_name_in_local =
headquarters =Vienna
established =1 June ,1816
president =Herbert Schimetschek
bank_of =Austria
currency =
currency_iso =
reserves =
website = [http://www.oenb.at www.oenb.at]
preceded =
succeeded =European Central Bank (1999)1
footnotes = 1 The Oesterreichische Nationalbank still exists but many functions have been taken over by the ECB.The Oesterreichische Nationalbank (OeNB) is thecentral bank of theRepublic of Austria and, as such, an integral part of both theEuropean System of Central Banks (ESCB) and theEurozone . In the public interest, the OeNB contributes to monetary andeconomic policy decision-making in Austria and in the Euro area. In line with the Federal Act on the Oesterreichische Nationalbank, the OeNB is a stock corporation. Given its status as a central bank, it is, however, governed by a number of special provisions, as laid down in the Nationalbank Act. The OeNB's capital totals EUR 12 million, half of which is held by the federal government and half of which is owned by employer and employee organizations as well as banks and insurance corporations.The main tasks of the OeNB center on contributing to a stability-oriented
monetary policy within the Eurozone, safeguarding financial stability in Austria and supplying the general public and the business community in Austria with high-quality, i.e. counterfeit-proof, cash. In addition, the OeNB manages reserve assets, i.e. gold and foreign exchange holdings, with a view to backing the euro in times of crisis, draws up economic analyses, compiles statistical data, is active in international organizations and is responsible for payment systems oversight. Furthermore, the OeNB operates a payment system for the euro, promotes knowledge and understanding among the general public and decision makers owing to its comprehensive communication policy, and supports research in Austria.ee also
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Economy of Austria
*Euro
*Austrian schilling External links
* en icon [http://www.oenb.at/ Official site of Oesterreichische Nationalbank]
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