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Bank of England

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Left peg | 15:34 Tue 24th Apr 2007 | Quizzes & Puzzles
5 Answers
What did the Bank of England issue for the first time in 1781 ?

I have googled but can't find a definite answer.
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Avatar Image quizbabe
Is the date right, could it be 1981?
16:02 Tue 24th Apr 2007
Avatar Image geo0939
The charter of 1781 stated that the bank had to carry enough gold to pay it's notes demand.
16:04 Tue 24th Apr 2007
Avatar Image geo0939
Sorry! ON demand.
16:13 Tue 24th Apr 2007
Avatar Image geo0939
I'm wondering if I explained this properly. I think the answer is Gold. In 1781, if a customer handed over a banknote the bank had to able to issue gold in it's place. This charter lasted until 1794, when the war created a gold shortage.
10:46 Wed 25th Apr 2007
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That's a brilliant answer. Thanks so much for your help.
18:31 Wed 25th Apr 2007

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