This page gives a short overview of the interesting museum about currency and money in the city center, which you can visit for free.
What is the Bank of England ?
The Bank of England is not only the central bank of England, but of the whole United Kingdom. It is the guardian of the British pound. The Bank of England determines the monetary policy and monetary policy of Great Britain. Since the country is not a member of the Eurozone, this applies to both the period as an EU member and the post-Brexit period. For example, the Central Bank of England is responsible for the money supply of the pound sterling, indirectly for the inflation rate. The Bank of England also sets interest rates such as the discount rate. The comparable institution for euro countries is the European Central Bank in Frankfurt.
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The average number of passengers in the London Eye is about 10,000 per day, in high season and at weekends it is much higher. Thus, there is often a big crowd. The queues at the cash desks of the London Eyes are often long. Hours of waiting time are frequent. Therefore, it makes sense to buy the ticket in advance on the internet.
What to see in the Central Bank Museum ?
Part of the interesting Bank of England Museum deals with the history of the British central bank. Elaborately reconstructed is an office from the 18th century. In other rooms things from modern banks are exhibited. One can see many old banknotes (one with an imprinted value of 1 million pounds), coins, old securities and gold bars. You also get a lot of information about banking, currency systems like the gold standard and much, much more.
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General information about the exhibition
Opening hours Bank of England Museum 2022: Monday to Friday from 10 am to 5 pm (the entrance closes at 16:30), the Bank of England Museum is closed on weekends and holidays. (as of early 2022)
Admission price Bank of England Museum 2022: Admission is free. This is the case in many state museums in London.
Directions Bank of England Museum: The Bank of England exhibition is in the financial district of City of London. The best tube station has the simple name “Banks” (for example Central Line, on tube map this line has bright red color). This tube station is only 100 – 200 meters from the entrance of the museum. Sights nearby include St Paul’s Cathedral (one metro stop west), Tower London with the Crown Jewels and the most famous bridge in London (Tower Bridge).