The Bank of England receives its charter to finance government borrowing and manage public debt.
Historical person
Charles Montagu Biography
Historical biography and chronological timeline for Charles Montagu, based on 4 World History Database records associated with Great Britain.
Chronological biography
1694
The Bank of England receives its charter and begins issuing notes redeemable in coin.
1696
Montagu directs the Great Recoinage to replace clipped and underweight silver currency.
Montagu oversees the Great Recoinage to replace clipped and underweight silver currency.
Titles and roles
Chancellor of the Exchequer
Record provenance
This biography is assembled from World History Database records filtered by country and personal-name fields. Exact duplicate display records are removed. The database is an index rather than a complete narrative biography; formal research should verify entries against relevant primary or specialist sources.