Follow the Money

You can even be at the helm of the monetary policy for a few minutes … at the Bank of England museum. From hand written notes to sophisticated plastics, see the history of money evolve over more than 300 years and the Old Lady of Threadneedle Street presiding over it. It’s free. The rest of the current building which is a joint effort by Sir John Soane and Sir Herbert Baker, including the inner garden, the rate room and Carney’s office is open to public on the Open House Weekend in September. Founded to raise money during a time of war against France from private investors, the bank was established by Royal Charter in 1694 and moved to its current location 40 years later. The earliest paper money was a form of receipt for deposits left with goldsmiths for safekeeping. The portrait of monarch first appeared on notes in 1960 and ten years later the first historical character to grace the face of banknotes was William Shakespeare on the 20 pound note. The first polymer notes that will be 15 percent smaller in size have already been introduced in the circulation. Sir Winston Churchill is on the five pound note and Jane Austen will adorn the 10 pound note later this year. You can  lean a lot more including about how to tell a forged note from the genuine one at the BoE museum which is open Monday to Friday 10am to 5pm.







Author: Freelondon

I am a journalist and a big fan of London. I decided to combine the two to help people enjoy what this great city has to offer for free.

Leave a Reply

Your email address will not be published. Required fields are marked *