Royal Charter

勅許 ／ royal charter　—　Institutions

A royal letter of patent. In 1535, one authorized the first mint in the New World in Mexico City.

A letter of patent by which a monarch grants a right or establishes an institution. In 1535, one authorized the mint in Mexico City, creating the first mint in the New World. The Bank of England was also established by royal charter.

⚠ Both coinage and the issuance of banknotes began with "a single royal signature". The history of monetary systems is also a history of authorization.