# Peel’s Bank (Charter) Act

- Canonical URL: https://www.gerhardmerk.de/peels-bank-charter-act
- Post ID: 591374
- Modified: 2023-07-25T21:14:28+00:00
- Language: en

## Definition

In 1844, after very long and stormy debates, the Bank of England - today the central bank of Great Britain - introduced a regulation for the Bank of England, which alone is authorized to issue means of payment, not to increase the circulation of banknotes above its own holdings of precious metals. - This marked a victory for the currency theory, which was decisively advocated by Robert Peel (1788-1850), the minister responsible at the time. - See banking theory, one-third discrepancy, money, private, money supply. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

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