BANK of ENGLAND MUSEUM

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BANK of ENGLAND MUSEUM

The Bank of England was founded on 27 July 1694 by a group of merchants along the lines proposed by Scotsman William Paterson (1658-1719). It began as a private bank, primarily to fund war against France. The Bank opened for business on 1 August 1694 in the Mercers' Hall in Cheapside with a staff of seventeen clerks and two gatekeepers. It moved to the Grocers’ Hall on Poultry on 31 December 1694 and remained there until moving to its own premises in Threadneedle Street in 1734.

It has its own museum, allegedly sitting on top of an enormous gold vault. Discover the history of the Bank - the Old Lady of Threadneedle Street - what it does, the story of paper money - and pick up a gold bar. You can't keep it - sorry.

Region/Nation
Location/Address
Bartholemew Lane
County
London
Post Code
EC2R 8AH
Main Historic Period
Georgian
Useful Website Address
Tip/Nearby
Museum of London, St Paul's...
Primary Management
Other

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