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Bank of England

Bank of England, central bank of the English government founded in 1694 by an Act of Parliament and Royal Charter. In 1946 it was nationalized and its stock was passed to the British Treasury. It advises the government on financial and economic conditions, facilitates the payment of government debt, services the foreign exchange markets, issues bank notes, and administers foreign exchange control.

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21st Century Webster's Family Encyclopedia21st Century Webster's Family Encyclopedia - Augusta to Barlach, Ernst