Bank of Cerdani
 | |
| Headquarters | Morzahnstadt |
|---|---|
| Established | May 17, 1924 |
| Ownership | 100% state owned |
| Governor | Alba Hartwig |
| Central bank of | Cerdani Democratic Republic |
| Currency | East Cerdan mark DDM (ISO 4217) |
| Reserves | 2.3 Billion DDM |
| Preceded by | Central Cerdani Bank |
The Bank of Cerdani (Cerdan: Bank von Deutschlands) is the central bank of the Cerdani Democratic Republic (East Cerdani). The bank does not function as a commercial bank, and has the responsibility for the issue of money and control of money circulation, administration of the exchange control regulations and settlement of foreign currency accounts with overseas companies and governments and partially controls the monetary policy of East Cerdani.
History
The Bank of Cerdani has it's roots in the creation of the Central Cerdani Bank in 1885, which was created to centralise the banking affairs of the Cerdani Empire. Following the civil war the new communist government in East Cerdani took over, without compensation, the operations of Central Cerdani Bank across the territory it managed. This became the nucleus of Bank of Cerdani.
In 1924 the government nationalised all banks in the country, including the Deutscher Bankhaus, and the Cerdan operations of Kredit, Handels und Industriebank and merged them together with the Central Cerdani Bank into Bank of Cerdani. At the same time it closed the operations of Nationale Entwicklungsbank and Standard-Gesamtbank. It also created the Volksentwicklungsbank by merging Kredit aus Deutschland and Handels und Sozialbank Deutschlands.
Economy of East Cerdani
Governance and Administration
Governors of the Bank of Cerdani
- 1924 – 1931: Tacita Vespasianus
- 1931 – 1946: André Klaus
- 1946 – 1951: Theda Sylviana
- 1951 – 1959: Oskar Margitta
- 1959 – 1967: Toni Silas
- 1967 – 1975: Jacob Karlmann
- 1975 – 1978: Marianus Swanhilda
- 1978 – 1981: Simone Brecht
- 1981 – 1986: Germanus Jan Ratilal
- 1986 – 1991: Tatius Comital
- 1991 – 2003: Louise Valens
- 2003 – 2014: Maartje Leonard
- 2014: Alba Hartwig