The Cornerstone Blog

The Rupee dates back thousands of years. It is thought to be based on the Sanskrit word rūpya which, when literally translated, means a round silver coin.  The rūpya was used in Ancient India and has been the name for a multitude of currencies on the Indian subcontinent. It was the name of various British […]

The UAE Dirham is the currency of the United Arab Emirates.  Below we’ll look at the currency’s history, its coins, banknotes and the economy that sits behind it. The Gulf Rupee was printed and managed by the Indian Government. The Pink 1 Rupee note was was one the most well known and used. A bit […]

Despite being prevalent in the British Isles and the former colonies of the UK, you may be surprised to learn that the term ‘Pound’ actually originates in the Roman Empire. The word Pound is based on the Latin word for a weight. Originally a Pound, therefore, was a weight of a wider currency. Think… a […]

The World Trade Organisation is one of the world’s most significant intergovernmental organisations. Virtually every country in the world takes part and agrees to work within its framework. It’s sometimes easy though to get confused as to what the precise role the WTO plays in international trade. Below we’ll look at who the WTO are, […]

The origins of the Peso date back to the early Spanish Empire when the 8-real silver coin became known as a Peso.  The word literally means ‘weight’ in Spanish. The Peso is the name for many historic and current currencies in parts of the world that were once colonised by Spain. The most significant being Mexico and the […]

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 […]