banque de france

English - English

Definition of banque de france in English English dictionary

National bank of France, created in 1800 to restore confidence in the French banking system after the financial upheavals of the revolutionary period. Napoleon was one of its founding shareholders. The bank has primary responsibility for formulating and implementing credit and monetary policies in France and for the orderly functioning of the banking system. It also has the exclusive privilege of issuing currency. See also central bank