Unconventional monetary policy measures also impact economic developments in Denmark, given the Danish fixed exchange rate policy. Let me remind you: Denmark is in reality a euro member state, but with costs of currency exchanges and without influence on monetary policy decisions by the ECB. On September 12 the Danmarks Nationalbank lowered the key policy rate in line with the ECB.
BIS Review 3/2005  1  We trust that the media will also play its rightful role in informing and educating the public and in so doing protecting the public and ensuring that we give no quarter to criminals should they attempt to counterfeit our currency. All five denominations of the upgraded banknotes will go into circulation on 1 February 2005.