monobank
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English
Etymology
Noun
monobank (plural monobanks)
- A single financial institution that combines the functions of a central bank and a deposit bank.
- 1970, Morris Bornstein, Daniel Roland Fusfeld, R. D. Irwin, The Soviet Economy: A Book of Readings, →OCLC, page 146:
- The monobank […] is the sole source of short-term credit, as the extension of direct interenterprise (“commercial”) credit is forbidden.
- 1992 October 26, Bernard S. Katz, Libby Rittenberg, The Economic Transformation of Eastern Europe: Views from Within, Bloomsbury Academic, →ISBN, page 78:
- However, this accounting change did not mean a decentralization or even a “marketization” of the investment process, as financial sources were simply channelled through the monobank rather than through the budget.