Montagu Norman
|
|
Missing image
Time-magazine-cover-montagu-norman.jpg
Time-magazine-cover-montagu-norman.jpg
Montagu C. Norman, Time cover, 1929
Montagu Collett Norman, 1st Baron Norman (1871–1950), commonly known as Sir Montagu Norman, is best known for his role as the Governor of the Bank of England from 1920 to 1944.
Under Norman's Governorship, the bank underwent significant change. In 1931 the United Kingdom permanently abandoned the gold standard, at which point the bank's foreign exchange and gold reserves were transferred to the British Treasury.
Norman was a leading figure in establishing the Bank for International Settlements, also in 1931.
External link
- Bank of England: History of the Bank (http://www.bankofengland.co.uk/natcentral.htm)