InfoBritain

 

Bank Of England Museum

Statue of Wellington outside the Bank of England

Following the Glorious Revolution of 1688, and the installation of William and Mary on the throne, it was decided the nations finances needed placing on a firmer footing. The revolution of 1688 confirmed Britain as a protestant country, now that the catholic James the Second had been sent into exile. Protestantism had long been linked to commerce and banking, and it seems fitting that one of the major innovations of the period immediately following the Glorious Revolution was the creation of a national bank.

The Royal Charter for the creation of the bank was signed on the 27th of July 1694. The job of the bank was to serve as the government's banker and debt manager. In 1734 the bank moved to its present site in Threadneedle Street in The City of London, and gradually developed into the building we see today. The bank's present function is to issue British banknotes, set interest rates, and maintain the stability of the financial system.

There is a museum at the Bank of England where the history of this institution can be explored. There is a large collection of banknotes and coins, documents, pictures, photographs,cartoons, and furniture.

Opening Times: The museum is generally only open Monday to Friday, 10am - 5pm. There is occasional opening at weekends, but check before hand. Admission is free. The museum is closed on public and bank holidays.

Directions: The Bank of England Museum is in Threadneedle Street, in the City of London. Click here for an interactive road and satellite map centred on the Bank of England.

Access: portable ramps allow access for wheelchair users. It is important that disabled visitors contact the museum before their visit so that the ramps can be put out. Disabled toilet facilities are available. Braille guides can be obtained from the Information Desk. There are hearing loops in the cinema and with the self guided audio tour.

Contact:

phone: 020 7601 5545

web site: http://www.bankofengland.co.uk/education/museum/index.htm