Rolf Kullberg

At the end of his term as a governor Finland experienced its worst recession.

Before the recession there was a long period of growth and it was easy to borrow money.

During those hard times the main goal of the Bank of Finland was to maintain a stable currency rate.

But finally Finland was forced to devalue and eventually let its currency float in 1992.

In the April 1992 he made an early retirement after publicly disagreeing with the prime minister Esko Aho about financial politics.