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110 sats \ 0 replies \ @riberet19 18 Jan \ on: Throwback Thursday - Share an Interesting Historical Event history
The first modern bank was opened in Venice in 1171 and the first banking law was enacted in 1271 in this Italian city. The Banca Monte dei Paschi di Siena, founded in 1472 by the city government as Monte de Piedad, is the oldest banking entity still in operation in the world.