The Cornerstone Blog

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 […]

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 […]

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 […]

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 […]

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. […]

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 […]