monobank

English

Etymology

mono- +‎ bank

Noun

monobank (plural monobanks)

1. 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.

   • 2002 April 26, David Green, Karl Petrick, Banking and Financial Stability in Central Europe: Integrating Transition Economies Into the European Union, Edward Elgar Publishing, →ISBN, page 2:

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