Historical Development

Historical Development The world's first finance - lending bank was The Bank of Venice in . The Ricks Banks of Sweden, which had sprung from a private bank established in is the oldest central bank in the world. It acquired the sole right of note issue in . The Bank of England was founded in . But the fundamentals of the art of banking have been developed by the Bank of England ( ) as the first bank of issues. A large number of central banks were established between and in compliance with the resolution passed by the International Finance Conference held at Brussels in . The South African