Total assets of the central bank in the United Kingdom 2002-2021
The value of assets for the central bank in the United Kingdom (UK) steadily increased from 2002 to 2021. Total assets of the UK's central bank have increased from 65.5 billion U.S dollars in 2002 to more than 1.5 trillion U.S dollars in 2021.
Central banks play an important role in preventing a country's banking system from failing. The main function of a central bank is to control inflation by providing stability of its currency. They also provide a country's economy funds when commercial banks cannot cover the need. The central bank is also the sole producer and contributor of a nations banknotes and coins as well as acting as its regulatory authority for monetary policies.
Central banks play an important role in preventing a country's banking system from failing. The main function of a central bank is to control inflation by providing stability of its currency. They also provide a country's economy funds when commercial banks cannot cover the need. The central bank is also the sole producer and contributor of a nations banknotes and coins as well as acting as its regulatory authority for monetary policies.
