Year 2018

Increasing Remittances in Pakistan

Recently, the Prime Minister made a statement that good news will follow with regards to increasing remittance in Pakistan from US$ 20 Billion per year to US$ 30 Billion per year, if not US$ 40 Billion per year. The original…

Venezuela’s Financial Crisis

Consider a country rich in oil. Yes, the black tar liquid gold that fuels our cars, planes and trains. Think the price of an oil barrel today (~ roughly $55/barrel) and then think of all the money a country can…

What Does The World Debt Look Like?

Ever wondered what the world debt of $63 Trillion (yes, that is $63,000 Billion) looks like? I mean which country has what share? Well, the good folks at Visual Capitalist put a really amazing infographic out. Their numbers differ from…

The Bretton Woods Agreement and Significance

Any student of economics will tell you, that sooner or later, the Bretton Woods Agreement will come into their syllabus and what a difference it made to the world. Established in 1944, the Bretton Woods Agreement remains to be one…

Is Cash Really Evil?

My first memory of cash comes from my birthday. I think it was the 5th or 6th birthday and I remember very vividly, cash being given to me in lieu of gifts. This cash was kept by my mother for…

Cash Is Evil

A lot many of my colleagues are presenting the argument that Cash is Evil. Cash is Dead. Cash is a Menace to Society. I beg to disagree. Whilst I do agree the obsolescence factor has come into play, one can…

The Future of Cryptocurrency: How Will it Look

Unrestrained by national interests, unaffected by global events, cryptocurrency offers a financial resource that offers much in the way of benefits for the future. According to futurists, those experts who look forward and make judgments based on how they see…