The imposing domed halls of the Bank of England are hushed. After all, setting the nation's interest rates and controlling inflation is a serious business. Although the atmosphere is sober, I ...

Founded in 1694, the Bank of England (BoE) is the central bank of the United Kingdom. Sometimes known as the ‘Old Lady’ of Threadneedle Street, the Bank’s mission is "to promote the good of ...

Banks accept soiled, mutilated, or defective notes for exchange Soiled notes can be exchanged at bank counters Soiled notes refer to currency that has become dirty due to regular use A common concern ...

D iscovering damaged notes in your wallet can be a hassle, but fear not! Understanding RBI guidelines can smooth the process of getting them exchanged. The RBI has some guidelines so that banks ...

The Governor of the Bank of England has presented King Charles with the first banknotes that include his portrait. He described the notes as “very well designed” and expressed his surprise at ...

We’re taking steps to better understand the impacts of climate change on the economy and to reduce our environmental footprint. We’ve started the design process for the new $20 bank note featuring His ...

Some bank notes are no longer legal tender, as well as old-style £1 coins - but don’t worry, as you can still exchange them at these banks and other places - here’s how.

Despite the remarkable surge in digital payments, the necessity for physical currency persists in various everyday scenarios. There are instances where one might receive notes from ATMs, bulk payments ...

The King has been presented with the first banknotes bearing his portrait by the Governor of the Bank of England. He praised the notes as “very well designed” and expressed his surprise at ...

What is the current base rate? The current Bank of England base rate is 5.25%. It has remained the same since August 2023. The chart below shows how the base rate has changed since the the financial ...