Comments on: Does the UK have a reserve bank? Does the Treasury make the currency of the United Kingdom? http://www.myylt.com/2008/09/08/does-the-uk-have-a-reserve-bank-does-the-treasury-make-the-currency-of-the-united-kingdom/ Discussion of Forex Trading and Currency Trading Tue, 22 May 2012 04:39:53 +0000 http://wordpress.org/?v=2.3.3 By: Lky15 http://www.myylt.com/2008/09/08/does-the-uk-have-a-reserve-bank-does-the-treasury-make-the-currency-of-the-united-kingdom/#comment-7444 Lky15 Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2008/09/08/does-the-uk-have-a-reserve-bank-does-the-treasury-make-the-currency-of-the-united-kingdom/#comment-7444 I think we have a reserve bank, the Royal mint which is owned by the government produces the money. I think we have a reserve bank, the Royal mint which is owned by the government produces the money.

]]> By: Ifyouknowtoomuchyoureathrea http://www.myylt.com/2008/09/08/does-the-uk-have-a-reserve-bank-does-the-treasury-make-the-currency-of-the-united-kingdom/#comment-7445 Ifyouknowtoomuchyoureathrea Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2008/09/08/does-the-uk-have-a-reserve-bank-does-the-treasury-make-the-currency-of-the-united-kingdom/#comment-7445 The reserve bank is the Bank of England, which despite its name covers the whole of the U.K. They make the bank notes of £50 £20,£10,£5 which are accepted anywhere in the UK . In Scotland this is done by 3 commercial banks, Royal bank of Scotland, Bank of Scotland and Clydesdale Bank. In Northern Ireland by Bank of Ireland, Ulster Bank, First Trust Bank and the Northern Bank. The coinage currency, pound coin, 20 pence etc. are made by the Royal Mint. The Treasury is where are the country's taxes go after being processed by Her Majesty's Revenue and Customs. The Bank of England decides the monetary policy and the Treasury executes the public finance policy and economic policy. All the above organisations are owned by the government apart from the commercial banks in Scotland and Northern Ireland. The reserve bank is the Bank of England, which despite its name covers the whole of the U.K. They make the bank notes of £50 £20,£10,£5 which are accepted anywhere in the UK . In Scotland this is done by 3 commercial banks, Royal bank of Scotland, Bank of Scotland and Clydesdale Bank. In Northern Ireland by Bank of Ireland, Ulster Bank, First Trust Bank and the Northern Bank.

The coinage currency, pound coin, 20 pence etc. are made by the Royal Mint.

The Treasury is where are the country’s taxes go after being processed by Her Majesty’s Revenue and Customs.

The Bank of England decides the monetary policy and the Treasury executes the public finance policy and economic policy.

All the above organisations are owned by the government apart from the commercial banks in Scotland and Northern Ireland.

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