Meaning of monobank | Babel Free

Definitions

A single financial institution that combines the functions of a central bank and a deposit bank.

Examples

“The monobank[…]is the sole source of short-term credit, as the extension of direct interenterprise (“commercial”) credit is forbidden.”

“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.”

“As all industrial sector accounts were held in the monobank, money was simply transferred between accounts.”

CEFR level