2024-05-31 13:07:38
The Bank of England is the central band of the United Kingdom. Similar to Reserve Bank in India its location is irrelevant to the topic Here private city is mentioned to mislead people to think if it is private bank [Link] NEEDS_MORE_RATINGS(5-0-9) Author
2024-05-31 22:20:04
City of London is a county at the heart of Greater London where the romans had settled in the 1st century CE. It serves as the financial district in modern times; it does not have any autonomy of its own. [Link] Bank of England is UK's central bank just like RBI is for India [Link] NEEDS_MORE_RATINGS(2-1-1) Author
2024-06-01 03:49:01
In 1990-91 foreign exchange crisis, India pledged part of its reserves to the Bank of England for a $405 mn loan. Loan was repaid in Nov 1991 but RBI kept the gold in UK for logistical reasons. The RBI has moved 100 MT of its gold stored in the UK to domestic vaults in FY24 [Link] CURRENTLY_RATED_HELPFUL(6-0-1) Author