Bank of England

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Group.png Bank of England  
(Central bankCompanies House WebsiteRdf-entity.pngRdf-icon.png
Bank of England.svg
Formation1694
HeadquartersThreadneedle Street, London, United Kingdom
Leaders• Governor of the Bank of England
• Director of the Bank of England
Typecommercial
SubpageBank of England/Deputy Governor
Bank of England/Director
Bank of England/Governor

The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based.

History

Established in 1694 to act as the English Government's banker, it is the world's eighth-oldest bank. It was privately owned by stockholders from its foundation until it was nationalised in 1946. The Bank's headquarters have always?[citation needed] been in London's main financial district, the City of London.

Gold holding

Czechoslovakia 1939

Sky News reported in 2013 that the Bank of England on 21st of March 1939 moved gold from an account of Czechoslovakia at the BIS, after the annexation of the Sudetenland in 1938 and March '39 invasion of the Czech lands, over to an account held by the Reichsbank of Germany.[1][2][3]

Venezuela 2018

Reuters reported in November 2018 that the Maduro government is seeking to bring 14 tonnes of gold held in the Bank of England back to Venezuela.[4][5] The Bank of England did not fulfill the request and was asking for explanations why the country wants the gold back,[6] citing concerns that Mr. Maduro "may seize the gold, which is owned by the state, and sell it for personal gain.[7][8]


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References


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