Eidsvoll Warranty

The Eidsvoll Warranty (Norwegian: Eidsvollsgarantien) was an act passed by the Norwegian Constituent Assembly on May 13, 1814.[1] The act's purpose was to eliminate the state budget deficit as well as the planned budget until March 1, 1815 of 14 billion Norwegian riksdaler.[1] The act involved printing of new cash that was guaranteed an exchange rate of 375 while the exchange rate being 500.[1]

References

  1. ↑ 1.0 1.1 1.2 Mardal, Magnus (2007). "Eidsvollsgarantien". In Godal, Anne Marit. Store norske leksikon (in Norwegian). Oslo: Kunnskapsforlaget. Retrieved 12 December 2010.