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

See Examples For:

bank of issue

In November Fidel finally turned Cuba's economy over to Che by naming him to run the National Bank, which in addition to acting as Cuba's central bank and bank of issue controls foreign trade.

From Time Magazine Archive

Well he knew that though Paul van Zeeland might be personally guiltless, it was his duty as Premier to know what monkey business the directors of the State bank of issue were indulging in.

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

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

It was the first national bank of issue essential to the system of banking built up by Alexander Hamilton in organizing the finances of the Federal Government under the constitution of 1789.

From The Colonial Architecture of Philadelphia by Frank Cousins