Issuing banknotes is one of the Bank of England’s best known and most recognisable functions. To maintain confidence in the physical currency, genuine notes must be available to meet public demand. This article explains how the note circulation is managed to maintain this confidence. The...

The Bank of England operates the United Kingdom’s Real-Time Gross Settlement (RTGS) infrastructure for the settlement of electronic sterling transfers. This infrastructure plays a vital role in the safe functioning of the UK financial system and in fulfilling the Bank’s core purposes —...