BANK OF ENGLAND (4) — Term from SntMaster Dictionary

BANK OF ENGLAND (4)

ScnMaster

the central bank of the United Kingdom, founded in 1694 and located in London. It issues nearly all of the country's bank notes (paper money), handles the nation's foreign exchange operations and cooperates with the British government in influencing business and other financial conditions. It was owned by private stockholders until 1946 when the government bought all its stock. —3rd South African published appr gls (14.4.92)