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Behind the scenes at the Bank of England

28 June 2013 Last updated at 12:39 BST

After ten years at the top, Mervyn King is stepping aside as governor of the Bank of England to be replaced by Mark Carney.

As a Canadian, the new boss will be the first foreigner to run the Bank in its 300 year history.

Stephanie McGovern has been behind the scenes to find out exactly what his new job will involve.