Bank of Finland

The Bank of Finland (Finnish: Suomen Pankki, Swedish: Finlands Bank) is the central bank of Finland. It is the fourth oldest central bank in the world.

History

The Bank of Finland was established on 1 March in 1812 in the city of Turku by Alexander I of Russia. In 1819 it was relocated to Helsinki. The Bank created and regulated the Finnish Markka until Finland adopted the euro in 1999.

Functions and ownership

The Bank of Finland is Finland’s central bank and a member of the European System of Central Banks and of the Eurosystem. It is Finland's monetary authority, and is responsible for the country's currency supply and foreign exchange reserves.

The Bank of Finland is owned by the Republic of Finland and governed by the Finnish Parliament, through the Parliamentary Supervisory Council and the Board of the bank. The Board is responsible for the administration of the bank, and the Parliamentary Supervisory Council for supervising the administration and activities of the bank and for other statutory tasks. The bank is governed under the provisions of the Act on the Bank of Finland, passed in 1998.

Finland

Finland (ⁱ/ˈfɪnlənd/; Finnish: Suomi [suomi]; Swedish: Finland [ˈfɪnland]), officially the Republic of Finland, is a Nordic country in Northern Europe, a peninsula with Gulf of Finland to the south and Gulf of Bothnia to the west. It has land borders with Sweden and Norway to the north and Russia to the east. Finland is part of the geographic region of Fennoscandia, which also includes Scandinavia and parts of Russia.

Finland's population is 5.5 million (2014), staying roughly on the same level with only about 9% increase in 24 years since the last economic depression in 1990. The majority live in the southern regions. The single largest group of foreigners living in Finland are Russians and Estonians, 36% of all of the foreigners (2014). In terms of area, it is the eighth largest country in Europe and the most sparsely populated country in the European Union. Finland is a parliamentary republic with a central government based in the capital Helsinki, local governments in 317 municipalities, and an autonomous region, the Åland Islands. Over 1.4 million people live in the Greater Helsinki metropolitan area, which produces a third of the country's GDP. Other large cities include Tampere, Turku, Oulu, Jyväskylä, Lahti, and Kuopio.

Finland (comedy song)

"Finland" is a Monty Python comedy song written and performed by Michael Palin and arranged by John Du Prez with a guitar accompaniment. It features on Monty Python's Contractual Obligation Album from 1980, is also included on the CD Monty Python Sings, and was incorporated into the musical Spamalot.

It purports to be a celebration of Finland, a country that is overlooked when travelling abroad as "a poor second to Belgium", despite the fact that it "has it all" with lofty mountains and tall trees and pleasures including: pony trekking, camping or "just watching TV". In reality "mountains so lofty" are not characteristic of Finland as the Scandinavian Mountains only just touch the northwesternmost corner of the country.

Palin gave an impromptu rendition of the song while travelling through Finland for the 1992 travel documentary Pole to Pole.

References

Finland (European Parliament constituency)

In European elections, Finland is a constituency of the European Parliament, currently represented by thirteen MEPs. It covers the member state of Finland.

2014 election

The 2014 European election was the eight election to the European Parliament. Finland's representation remained at 13 MEPs.

2009 election

The 2009 European election was the seventh election to the European Parliament. The number of seats was decreased to thirteen.

MEPs 2009-2014

At the end of the Seventh European Parliament:

2004 election

The 2004 European election was the sixth election to the European Parliament.

Both the Finnish Social Democratic Party and the Finnish Centre Party improved their vote at the expense of the conservative National Coalition Party and the Greens.

1999 election

The 1999 European election was the fifth election to the European Parliament.

1996 election

This was the first European election in Finland.

References

External links