How the World Bank works
Most people have heard of the World Bank, but many don’t know exactly what it does. In the below article, we’ll look at its history and its role in today’s global economy. The agreement setting up the World Bank was signed here at the Mt. Washington Hotel in Bretton Woods, NH. Out of the ashes […]
Kroner currencies around the world
Krone/Kroner/Krona is a Nordic translation of the Latin word ‘Corona’ which means Crown. This has been the name for multiple historic currencies in Scandinavia. Currently, Denmark, Norway, Sweden and Iceland all use a form of this word as their currencies name. There is also a variation, Koruna, which is the name of the currency of the Czech Republic. Below we’ll […]
How do Scottish banknotes work?
We’ve all heard at least one story from a Scottish citizen visiting London or a befuddled tourist who can’t understand why the shop just refused to accept the currency a bank gave them. And why not? It’s a perfectly legitimate bank note, right? ‘Well, It’s not legal tender in England!’ someone might say. But what […]
Franc currencies around the world
The origins of the term Franc, unsurprisingly, date back to medieval France. The Franc was historically used as a term to denote various monetary amounts in France. Following the French Revolution, a decimalised Franc was introduced as the national currency. The Franc was exported around the world in the 1800s and many countries which were previously […]
What is the UK importing and exporting?
The Office for National Statistics recently released a bulletin detailing the total value of UK exports and imports of goods and services for November 2022. It also included final figures for 2021 which reveals which goods we were trading the most and who with. Let’s have a look at the biggest details and main points. […]
Dollar currencies around the world
When you think of a Dollar, you probably think about the USA. Upon independence, the US Congress established the US Mint and declared the Dollar as the national currency in 1792. The Dollar is not an English term though, it’s actually the anglicised version of the German word ‘Thaler’ which was a coin first issued in […]
A new Currency Union for South America?
Over the last few weeks, there has been speculation that the countries of Argentina and Brazil are together planning on creating a currency union in Latin America. We’ll take a look at this potential new currency in more detail below. A history of currency volatility… South America is used to new countries. Replacements and re-denominations […]
Dinar currencies around the world
The Dinar is the name of a number of currencies, mainly in the Arab world. It is derived from the Latin word ‘Denarius’ which was the name of an ancient Roman coin. Many ancient Islamic nations used a form of Dinar, with the most famous being the Gold Dinar used by the Umayyad Empire in […]
The origins of common currency names
Dinar The Dinar is the name of a number of currencies, mainly in the Arab world. It is derived from the Latin word ‘Denarius’ which was the name of an ancient Roman coin. Many ancient Islamic nations used a form of Dinar, with the most famous being the Gold Dinar used by the Umayyad Empire […]
What exactly is the ‘Davos Summit’
With private aeroplanes currently lining the jetways of St.Moritz Airport and a large chunk of the world’s economic, political and business elite donning snow shoes, we thought it would be a good opportunity to take a deep dive into what exactly ‘Davos’ or more precisely ‘The World Economic Forum’ actually is. Some background… The World […]