Money creation is a complex process that involves various actors and institutions. Banks, in particular, play a crucial role in this process, as they are the ones responsible for creating most of the money in circulation. In this article, we will explore the process of money creation by banks and pr
In the world of finance and commerce, various instruments are used to facilitate transactions and ensure the smooth flow of funds. Among these instruments are promissory notes, bills of exchange, checks, and bank drafts. These financial instruments play a crucial role in enabling individ
Tehran, Iran. The country's oil industry has been particularly baldy hit by the recent US sanctions and this new European mechanism will not cover transactions related to this sectorFeatured|MarketsAu...
Abu Dhabi, where Union National Bank's headquarters are basedBanking|Retail bankingAuthor:Mohammad Nasr Abdeen, CEO of Union National BankTop 5Top 5 forces that will shape international finance in 202...
With a 125-year history and an expanding international network, FirstBank of Nigeria has a solid foundation for its private banking division to offer first-class, tailored services to high net worth customers. Idowu Thompson, the Group Head of FirstBank Private Banking, explains how the bank underst
The FAS has ruled Apple fixed prices on the majority of its latest smartphonesLegal|StrategyAuthor:Kim DarrahTop 5Top 5 forces that will shape international finance in 2023Top 5 female-fronted fintech...
The yuan has continued to depreciate against the dollar since August 2015Government policy|Infrastructure|NewsAuthor:Kim DarrahTop 5Top 5 forces that will shape international finance in 2023Top 5 fema...
Banks are financial institutions that provide various services to individuals, businesses, and governments. They are essential for the functioning of the economy, as they facilitate the flow of money, credit, and investments. However, not all banks are the same. There are different types of banks th
What Is Annual Percentage Rate (APR)?Annual Percentage Rate (APR) is the yearly interest charged to borrowers or paid to investors. It represents the actual yearly cost of funds over the term of a loan or income earned on an investment. APR includes fees and additional costs associated with the tran
