Sentences with phrase «issuing banknotes»

At the start of the First World War, the Currency and Bank Notes Act 1914 was passed, which granted temporary powers to HM Treasury for issuing banknotes to the values of # 1 and 10 / -(ten shillings).

But during the 18th and 19th centuries, redeemable paper currency became more popular than coins in modern economies, and the majority of paper currency in circulation in most countries consisted of privately issued banknotes.

Two, you become like a wildcat bank from the 1800s and issue banknotes that aren't backed, but then you run the risk of a bank run and your value going to zero.

They are the sole authority to issue banknotes - bills.

Not exact matches

The RBA is in close contact with its peers in other countries on this issue and few see electronic banknotes on the horizon, he said.

There are more than 1.5 billion banknotes on issue, worth more than $ 73 billion.

The Reserve Bank is responsible for producing and issuing Australia's banknotes.

If you take a closer look at the below sample U.S. banknote, the «B2» on the left indicates that it is issued by the New York Fed (FED 2nd district) and backed by its assets.

All Members will have seen Scottish banknotes, and some will even have used them daily, but few will have considered all the issues that are being aired today.

«Mr Douglas Carswell (Clacton)(Con): I beg to move, That leave be given to bring in a Bill to amend the Currency and Banknotes Act 1954 to allow banknotes in addition to those issued by the Bank of England to be legal tender; and for connected Banknotes Act 1954 to allow banknotes in addition to those issued by the Bank of England to be legal tender; and for connected banknotes in addition to those issued by the Bank of England to be legal tender; and for connected purposes.

Requires the issuance of all new and replacement Social Security cards issued after October 30, 1983, on banknote paper.

Prime Minister Justin Trudeau announced earlier this year that a woman would be featured on the next issue of banknotes due out in 2018.

Prime Minister Justin Trudeau announced last month that a woman would be featured on the next issue of banknotes due out in 2018.

The current set of banknotes issued by the Central Bank of the Philippines features Philippine landmarks and tourist destinations, which are considered the most valuable treasures of our nation.

Burri includes an AM - lire banknote, the Allied Military currency issued in Italy after the invasion of Sicily in 1943, in a 1952 Sack.

[4] Architectural features of Dundas House are represented today on the «Ilay» series of banknotes issued by the Royal Bank; the building's Palladian facade features on the obverse of each note, and the background graphic on both sides of the notes is a radial star design which is based on the ornate ceiling of the banking hall inside Dundas House, designed by John Dick Peddie in 1857.