Bank of Issue Meaning in Bengali: ইস্যু ব্যাংক (noun, pronunciation: isshu bæṅk)
Definition and Origin of Bank of Issue
A bank of issue refers to a financial institution that has the authority to issue currency notes and coins on behalf of the government. It acts as the central bank of a country and is responsible for regulating the money supply and maintaining the stability of the national currency. The bank of issue plays a crucial role in the economy by controlling inflation, managing interest rates, and ensuring the smooth functioning of the financial system.
The concept of a bank of issue originated in the 17th century when central banks were established to stabilize the monetary systems of various countries. The Bank of England, founded in 1694, was one of the first banks of issue in the world.
Synonyms and Antonyms of Bank of Issue
Synonyms: central bank, monetary authority, reserve bank
Antonyms: commercial bank (বাণিজ্যিক ব্যাংক), private bank (ব্যক্তিগত ব্যাংক)
Bank of Issue in Literature Quotes
“Money is the most important subject intellectual persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it is widely understood and its defects remedied very soon.” – Robert H. Hemphill (রবার্ট এইচ. হেমফিল)
“The bank of issue is the most important factor in the economic life of the state.” – Vladimir Lenin (ভ্লাদিমির লেনিন)
Bank of Issue Meaning in Different Languages
Bengali: ইস্যু ব্যাংক
Hindi: इश्यू बैंक
Nepali: इश्यू बैंक
Urdu: بینک آف اشیو
Tamil: வங்கி முதன்மை
Telugu: ఇష్యూ బ్యాంక్
Arabic: بنك الإصدار
Chinese: 发行银行
Japanese: 発行銀行
Russian: банк выпуска
For more detailed information, you can visit the Wikipedia page or refer to Dictionary.com and The Free Dictionary.