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…
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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…
How to Start a Money Transfer Business – Video Series
I have written quite a lot about how to start a money transfer business; discussing the various options and trying to explain the intricacies involved in the whole process of setting up a remittance business. From blog posts to answering…
Cost of Living: Rents in various cities of the world.
Rent Comparision. Came across this data-sheet, from Numbeo and WalletWyse. Just a beautiful piece fo work show the various cities of the world and the average cost of renting an apartment in these cities. Click to enlarge.
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…
How do countries like the US give money to other countries?
Allow me to give a simpler example, of how the US pays other countries and vice versa. Let’s say you are three friends, and each friend will be designated as a country, make belief of course. Harry (UK) Tom (US)…
Why the Knights Templar were Really Good at Banking
The history of modern banking is quite rich and dates way back in time. Several entities and civilizations have been credited for their contributions towards the development of modern banking systems and the variety of services provided by banks today.…
How To Cope Financially When Your Income Is Low
When things start to get tough financially, the stress that can follow can be difficult to cope with. From monetary stress to a low mood when you can’t afford to do what you love, coping when things get tough can…
Central Bank of Pakistan puts prohibition on Bitcoin & Virtual Currencies.
The central bank of Pakistan, i.e. State Bank of Pakistan, ended months of neutral stance by formally issuing a notice on Bitcoin &/or Virtual Currencies. In a Banking Policy & Regulations Department (BPRD) Circular # 3 of 2018, State Bank…