monobank

plural monobanks

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

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

   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

   2 more examples

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

   1970, Morris Bornstein, Daniel Roland Fusfeld, R. D. Irwin, The Soviet Economy: A Book of Readings, →OCLC, page 146

   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.

   1992 October 26, Bernard S. Katz, Libby Rittenberg, The Economic Transformation of Eastern Europe: Views from Within, Bloomsbury Academic, →ISBN, page 78