Bank of England
The Bank of England plays a pivotal role in providing stability to the economy of the country, although its role still remains unknown to many, who see it purely as a bank. Initially, it was founded in 1694 as the Government’s bank, and is now the UK’s central bank. After the Sveriges Riksbank in Sweden, it is the oldest central bank in operation and the world’s 8th oldest bank. It became an independent public body in 1998 whilst remaining in charge of setting monetary policy. It is also one of only eight banks in the UK that can issue banknotes in these isles.
Those who wish to find out more about its history can visit the museum which is also in the Bank location. It features an unprecedented display of artefacts and documentation that reveal the changes in currency through the years, revealing how the bank has helped to sustain Britain’s monetary and financial stability for over 300 years. Five different galleries mark out the different stages of the bank’s development, from its creation through to the present day.
Tel: 020 3461 5545