Bank of England
The Governor and Company of the Bank of England - one of the oldest banks in the world, which, however, has only relatively recently attained the status of a central bank. For the vast majority of its three-hundred-year history (founded in 1694), the United Kingdom's main financial institution has performed commercial functions, although it has been privileged to issue banknotes and service the national debt of Great Britain.
History of the origin of the Bank of England
The central bank of the United Kingdom is a vivid reminder of a not very pleasant page in the history of England - after the crushing defeat by the French at the Battle of Beech Head, there was an urgent need to finance a new fleet, for which the then monarch William III lacked money catastrophically. Helping his ruler were businessmen from all over the country, who nevertheless lent the state money not out of selfless patriotism, but at 8% per annum.
The Bank of England is also popularly known as The Old Lady of Threadneedle Street, where it is located (The Old Lady), but the bank is usually called simply "The Old Lady" for speed.
They explain this nickname of the Bank of England by the past of the neighborhood, where the tailors' shops were once located, and a special love for the building of one ghost. The "Black Nun" is still to be found in the neighborhoods and corridors of the Central Bank of England. She is said to be the sister of one of the institution's employees, who was executed in the early 19th century for making counterfeit checks. The unfortunate woman, who learned of her brother's fate only after his death, became insane and wandered around the grounds of the Bank of England for forty years.
Tasks and functions of the Bank of England
The turning points in the functioning of the Bank of England were the nationalization in 1946 and the granting of Central Bank functions in 1997. Since then, the Bank of England has been an independent body that independently forms monetary policy Great Britain.
Among the main tasks of the Bank of England is to maintain price stability in the country, as well as to support the economic policy of the government. Also, the central bank is responsible for exchange rate stability and the purchasing power of the national currency - the pound sterling.
Structure of the Bank of England
The Bank of England is controlled by a Board of Directors consisting of a Governor. the Governor), his two deputies (Eng. Deputy Governors) and 16 members (Non–Executive Directors). All these positions are appointed by royal decree and then approved by the Parliament of the country. The Governor of the Council and his deputies hold office for five years; the other members of the Council hold office for four years.
The Board of Directors meets once a month. The head of the Bank of England also chairs the Monetary Policy Committee. The Monetary Policy Committee, MPC), which decides the level of the interest rate and other issues of UK monetary policy. All practical issues of the bank are discussed by the Treasury Committee, consisting of the Governor, the Deputy Governor and the five Directors.
I propose to the Bank of England to mint a commemorative £2 bimetallic coin in honor of the referendum on the future of the United Kingdom of Great Britain, with the image of the island of Britain, in the colors of the national flag of Great Britain, the inscription BREXIT (BRITAIN EXITS) and the date of the referendum: 23.06.2016. I am sure it will be a success with numismatist collectors and there will be good money to be made on the issue of this coin. Respectfully, a lover of British history!
Hello dear Bank of England! I have one proposal to you: I propose in the coming year 2017 as part of the issuance activities to mint coins, face value of 2 pounds sterling with views of the famous Stowhenge. So, you will be able to earn money on these coins, and as a connoisseur of British numismatics I will be pleased to add to my collection of coins with the profile of Her Majesty Queen Elizabeth II. With deepest respect and esteem, Nicolas, a fan of British numismatics!
I wonder: for the soccer championship, which will be held in Russia in 2018, the Bank of England has prepared coins?
Good afternoon! Question for the Bank of England: When will the 50 pence and 2 pound coins commemorating Britain's first nuclear power plant, Calder Hall, and the nuclear power industry of the United Kingdom be available in the United Kingdom? Respectfully numismatist collector ( United Kingdom coins )!