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…
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…
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…
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.
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…
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…
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)…
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.…
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…
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…