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bank of issue

American  

noun

  1. a bank, as a Federal Reserve Bank, empowered by a government to issue currency.


Etymology

Origin of bank of issue

First recorded in 1930–35

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

See Examples For:

But a few hours sufficed the Davila Government to take over the Banco Central, organized as the sole Chilean bank of issue after Princeton Professor Edwin Walter Kemmerer, famed "Currency Doctor" was called to Santiago.

From Time Magazine Archive

Each bank of issue must hold in actual gold or gold certificates at least 40% of the amount of its outstanding currency.

From Time Magazine Archive

By nightfall the best that the Federal Reserve Bank of New York could do was make an offer like London's: to share in another loan originating in some other central bank of issue.

From Time Magazine Archive

It will be a clearing house for Reparations, not an international bank of issue, not a competitor with the great central banks as some have feared.

From Time Magazine Archive

One bank of issue, and not divided into departments.

From War-Time Financial Problems by Withers, Hartley

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